Koylton, MI is a small city located in the Midwestern United States. It is home to a few local businesses like Koylton Motors and Koylton Hardware Store. Despite its size, Koylton has some competitive advantages. Rent for a two-bedroom residence is significantly lower than the US average of $1,430, coming in at an average of $920 a month. Additionally, grocery costs are also lower than the national index of 100, coming in at 92. Taking into account both housing and groceries, it is an affordable place to live for those on a budget.
Koylton has an unemployment rate of 6.3%. The US average is 6.0%.
Koylton has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Koylton
- The Sales Tax Rate for Koylton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Koylton is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Koylton
- The average income of a Koylton resident is $18,509 a year. The US average is $28,555 a year.
- The Median household income of a Koylton resident is $56,750 a year. The US average is $69,021 a year.