Reno, MI is a small town located in Michigan with a population of roughly 1,400 people. It is known for its affordable cost of living where the average rent for a two-bedroom apartment is around $820 compared to the US average which is $1,430. Grocery costs are also quite affordable in Reno with an index score of 89 compared to 100 in the US on average. The town is home to several small businesses, such as Reno Plaza Pharmacy, Gunther Agency Insurance Services, and The Barn Restaurant. Each business has deep roots in the community and offers unique services that make life easier for residents.
Reno has an unemployment rate of 7.5%. The US average is 6.0%.
Reno has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.
Tax Rates for Reno
- The Sales Tax Rate for Reno is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reno 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 Reno
- The average income of a Reno resident is $16,614 a year. The US average is $28,555 a year.
- The Median household income of a Reno resident is $38,750 a year. The US average is $69,021 a year.