Limestone, MI is a great place to live for those looking for a lower cost of living. The average rent for a two-bedroom apartment is much lower than the national average at $840 versus $1,430, making it an attractive option for those looking to save on rent costs. Additionally, groceries are considerably cheaper in Limestone compared to the US as whole, with a Grocery Cost Index of 91 versus 100 nationally. As such, residents of Limestone have more money leftover at the end of their paychecks to put towards other expenses. There are many local companies that make Limestone an appealing option for new residents. These include several banks and credit unions such as Honor Credit Union and Chemical Bank, restaurants like Bobalino's Pizza & Subs and The Slab Bar & Grill, and stores like Ace Hardware and Family Video. All combined, these amenities make Limestone an attractive location to call home due its low cost of living.
Limestone has an unemployment rate of 8.8%. The US average is 6.0%.
Limestone has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Limestone
- The Sales Tax Rate for Limestone is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Limestone 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 Limestone
- The average income of a Limestone resident is $22,293 a year. The US average is $28,555 a year.
- The Median household income of a Limestone resident is $49,539 a year. The US average is $69,021 a year.