Plainwell, MI is an attractive city to live in, due to its relatively low cost of living. The average rent for a two bedroom home is $990, which is well below the national average of $1,430. Groceries tend to be cheaper as well with a grocery cost index of 95 versus 100 in the US. There are many local businesses in Plainwell such as Hillside Carpet & Tile Inc., Bankson's Furniture & Appliances, and Grandville Insurance Agency that make the city feel like an inviting place to call home.
Plainwell has an unemployment rate of 5.1%. The US average is 6.0%.
Plainwell has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Plainwell
- The Sales Tax Rate for Plainwell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Plainwell 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 Plainwell
- The average income of a Plainwell resident is $19,482 a year. The US average is $28,555 a year.
- The Median household income of a Plainwell resident is $64,680 a year. The US average is $69,021 a year.