Parkdale, MI is a great place to live for those looking for affordability. The average 2 bedroom rent in Parkdale is only $920, compared to the US average of $1,430. Additionally, grocery costs are much lower here than in the rest of the country with an index of 92 versus 100 nationally. Popular local companies include Driscoll Foods Inc., which supplies food products and services to restaurants and bars around town, as well as Grand Rapids Tool & Die Co., a locally owned tool-making business.
Parkdale has an unemployment rate of 7.6%. The US average is 6.0%.
Parkdale 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 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Parkdale
- The Sales Tax Rate for Parkdale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Parkdale 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 Parkdale
- The average income of a Parkdale resident is $20,667 a year. The US average is $28,555 a year.
- The Median household income of a Parkdale resident is $37,644 a year. The US average is $69,021 a year.