Reed City, MI is a small town located in Osceola County, Michigan. It has a population of 2,277 residents and is known for its great outdoor recreation opportunities. Reed City boasts great schools, top-notch healthcare facilities, many local businesses and entertainment opportunities. The cost of living is relatively low in Reed City with the average two bedroom rent being only $840 compared to the US average of $1,430. Grocery costs are also lower in Reed City than in the rest of the country, with a grocery cost index of 90 compared to 100 nationally. Those looking for employment can find it at some of the local companies such as Lee Supply Company or Hauser Machinery. Amenities include several parks and trails, a library and museum as well as shops and restaurants like Café 19.
Reed City has an unemployment rate of 5.8%. The US average is 6.0%.
Reed City has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Reed City
- The Sales Tax Rate for Reed City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reed City 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 Reed City
- The average income of a Reed City resident is $14,634 a year. The US average is $28,555 a year.
- The Median household income of a Reed City resident is $40,938 a year. The US average is $69,021 a year.