Reeder, MI is a small city situated on the shore of Lake Huron. It offers residents an affordable cost of living with the average two bedroom rent being priced at just $880 compared to the US average of $1,430. Grocery costs are also lower than elsewhere in the country with an index score of 91 compared to 100 for the US. There are several local businesses that make up the economy in Reeder, such as Lakeland Title Insurance Agency, All-American Electricians & Plumbers, and Reeder Auto Sales. These companies offer goods and services to locals and visitors alike while providing employment opportunities for members of the community.
Reeder has an unemployment rate of 6.2%. The US average is 6.0%.
Reeder has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Reeder
- The Sales Tax Rate for Reeder is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reeder 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 Reeder
- The average income of a Reeder resident is $16,657 a year. The US average is $28,555 a year.
- The Median household income of a Reeder resident is $49,013 a year. The US average is $69,021 a year.