Powell, MI is a small city located in Mid-Michigan. The city's population is just under 4,000 people and it is known for its friendly community. The cost of living in Powell is quite affordable compared to other cities in Michigan and around the US. For example, the average rent for a two bedroom apartment is $920 per month compared to $1,430 per month in the US. Grocery prices are also relatively low with a Grocery Cost Index of 96 compared to 100 in the US. Major employers in Powell include Genesis Tool & Machine Inc., Wireform Technologies LLC, and Mid-Michigan Tooling LLC. With its pleasant atmosphere and affordable cost of living, Powell is an ideal place to live or visit for those seeking a peaceful environment.
Powell has an unemployment rate of 5.9%. The US average is 6.0%.
Powell has seen the job market decrease by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Powell
- The Sales Tax Rate for Powell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Powell 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 Powell
- The average income of a Powell resident is $29,252 a year. The US average is $28,555 a year.
- The Median household income of a Powell resident is $42,679 a year. The US average is $69,021 a year.