Merrill, MI is an ideal place to live with its relatively low rent and cost of living. The 2 bedroom rent in Merrill is $970 which is much lower than the national average of $1,430. In addition, the Grocery Cost Index in Merrill is 92 versus the national average of 100; indicating that groceries are cheaper in Merrill than most other places. This makes it a great place for people who want to keep their daily expenses within budget. There are also plenty of job opportunities available due to various local businesses such as Lake State Federal Credit Union, Bayliss Public Library, Mid Michigan Medical Center-Gratiot and Services To Enhance Potential Incorporated (STEP). These companies provide both entry level and professional job opportunities across a range of economic levels from low wage jobs to executive roles.
Merrill has an unemployment rate of 6.8%. The US average is 6.0%.
Merrill has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Merrill
- The Sales Tax Rate for Merrill is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Merrill 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 Merrill
- The average income of a Merrill resident is $19,227 a year. The US average is $28,555 a year.
- The Median household income of a Merrill resident is $38,125 a year. The US average is $69,021 a year.