Norvell, MI is a small town located in the United States. It is home to a variety of businesses, including Norvell Hardware & Lumber Co., Smith's Grocery Store, and The Village Cafe. The cost of living in Norvell is quite affordable compared to other areas of the country. For example, 2 bedroom rent in Norvell is only $1,030 while it would be $1,430 in the US overall. The Grocery Cost Index for Norvell is also low at 96 compared to 100 in the US. All these factors make it an attractive place for people looking for comfortable living without breaking their budgets.
Norvell has an unemployment rate of 5.9%. The US average is 6.0%.
Norvell 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 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Norvell
- The Sales Tax Rate for Norvell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norvell 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 Norvell
- The average income of a Norvell resident is $26,068 a year. The US average is $28,555 a year.
- The Median household income of a Norvell resident is $67,031 a year. The US average is $69,021 a year.