Okemos, MI is a small suburban town located in Central Michigan that offers a quiet, family-friendly environment. In terms of rent for two bedroom apartments, the cost in Okemos is slightly lower than the national average with an average of $1,230 compared to $1,430 in the US. The Grocery Cost Index is also slightly cheaper in Okemos (99) when compared to the national average (100).
The local economy of Okemos is home to notable companies such as Red Cedar Spirits, Biggby Coffee, and Insulated Vinyl Siding Co. One unique feature that makes this small town special is its access to nature and outdoor activities. There are several parks and trails near by to explore and enjoy nature's beauty including Hawk Island Park, Fenner Nature Center, and Lake Lansing South Park.
Okemos has an unemployment rate of 5.2%. The US average is 6.0%.
Okemos has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Okemos
- The Sales Tax Rate for Okemos is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Okemos 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 Okemos
- The average income of a Okemos resident is $41,398 a year. The US average is $28,555 a year.
- The Median household income of a Okemos resident is $83,019 a year. The US average is $69,021 a year.