North Branch, MI is a great city for those looking for a more affordable living. With an average 2 bedroom rent of just $1,100 compared to the national average of $1,430, it's no wonder why people are flocking to this small town. Cost of groceries is also lower than most other places with an index of 94 compared to the US average of 100.
The economy in North Branch is bustling due to the presence of popular companies such as The North Branch Home Depot, ITC Electronics, and Subway. These businesses provide many job opportunities for locals and visitors alike while helping the local economy flourish.
Overall, North Branch proves to be a great place for those looking for more affordable living without sacrificing quality of life. From lower rent prices and grocery costs to numerous job opportunities in local companies, there's something here for everyone.
North Branch has an unemployment rate of 4.9%. The US average is 6.0%.
North Branch has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for North Branch
- The Sales Tax Rate for North Branch is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Branch 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 North Branch
- The average income of a North Branch resident is $17,619 a year. The US average is $28,555 a year.
- The Median household income of a North Branch resident is $49,722 a year. The US average is $69,021 a year.