Lovells, MI is a small village located in Michigan. It is known for its beautiful countryside and friendly people. The cost of living is much lower than that of many other places in the United States, with two bedroom rents being only $900 compared to $1,430 for the same rent nationally. Furthermore, the grocery cost index in Lovells is 90 versus 100 nationally. This makes Lovells an attractive option for those looking to move to or visit Michigan.
Lovells has many local businesses that make up its community such as Lovell’s Lumber, a family-run lumber company that has been operating since 1895; Michilimackinac Historical Society which focuses on preserving the area's history; and Old Home Township Hall which offers community activities throughout the year. All these companies help maintain the small town charm and lifestyle Lovells residents enjoy on a daily basis.
In conclusion, Lovells provides an affordable and unique experience when compared to other locations in the United States. With low rent prices and grocery costs close to those of larger cities, it makes an ideal place for those looking for a break from city life while still having access to all modern amenities they need.
Lovells has an unemployment rate of 7.3%. The US average is 6.0%.
Lovells has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 33.5%, which is higher than the US average of 33.5%.
Tax Rates for Lovells
- The Sales Tax Rate for Lovells is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lovells 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 Lovells
- The average income of a Lovells resident is $25,297 a year. The US average is $28,555 a year.
- The Median household income of a Lovells resident is $49,118 a year. The US average is $69,021 a year.