Meyer, MI is a small town located in the northern part of Michigan with a vibrant community centered on local businesses. It is an affordable place to live, with 2 bedroom rent being only $810 compared to the US average of $1,430. Grocery costs are also quite low, with the index in Meyer at 90 versus 100 in the US. Local companies include Jacksons Grocery Store, O'Grady's Pub and Grill, Meyer Natural Pet Store, and City Auto Sales. The cost of living in Meyer is much lower than other towns in Michigan and across the country making it an attractive option for those looking for a comfortable home at an affordable rate.
Meyer has an unemployment rate of 4.7%. The US average is 6.0%.
Meyer has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 14.7%, which is lower than the US average of 33.5%.
Tax Rates for Meyer
- The Sales Tax Rate for Meyer is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Meyer 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 Meyer
- The average income of a Meyer resident is $20,898 a year. The US average is $28,555 a year.
- The Median household income of a Meyer resident is $63,309 a year. The US average is $69,021 a year.