Mount Forest, MI is a small town located in Michigan with a population of under 2,000 people. It is well known for its peaceful atmosphere and local businesses that provide services for both locals and tourists alike. The average two bedroom rent in Mount Forest is $1,050 whereas the US average is $1,430; making it an affordable place to live. Also, the grocery cost index in Mount Forest is 90 versus 100 in the US making food costs more manageable for those living on a budget. The cost of living can be kept low due to the many local companies such as Mettler Market, Carpet World, and Lake Huron Cafe. These companies are dedicated to providing quality services at competitive prices so that Mount Forest residents can enjoy all that the small town has to offer without breaking their budget.
Mount Forest has an unemployment rate of 6.4%. The US average is 6.0%.
Mount Forest has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Mount Forest
- The Sales Tax Rate for Mount Forest is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Forest 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 Mount Forest
- The average income of a Mount Forest resident is $23,655 a year. The US average is $28,555 a year.
- The Median household income of a Mount Forest resident is $61,063 a year. The US average is $69,021 a year.