Medina, MI is a small town located in Michigan with a population of just over 1,000 people. The cost of living is very affordable compared to other areas in the United States. Median two bedroom rent is only $890, which is significantly less than the national average at $1,430. Additionally, the grocery cost index in Medina is 93 compared to 100 in the US.
This small town offers many local businesses and amenities that cater to residents’ needs. There are several restaurants such as Outback Steakhouse and Papa Romano’s Pizza within city limits that offer delicious dining options for locals. For shopping needs there are stores such as Dollar General where one can find all kinds of items for everyday use. Additionally, there are plenty of parks around town where one can take a stroll or simply relax in the green landscape of Medina.
Medina has an unemployment rate of 5.5%. The US average is 6.0%.
Medina has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Medina
- The Sales Tax Rate for Medina is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Medina 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 Medina
- The average income of a Medina resident is $23,556 a year. The US average is $28,555 a year.
- The Median household income of a Medina resident is $63,646 a year. The US average is $69,021 a year.