Riga, MI Economy


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Riga, Michigan is a small town located in Monroe County. It is known for its low costs of living; the average two-bedroom rent in Riga is only $1,210 compared to the US average of $1,430. It also has an affordable grocery cost index of 95 compared to 100 in the US. There are many local companies and attractions that make this town special. One popular spot is the Howard's Corn Maze which has been around since 1992 and offers fun activities like corn mazes, pumpkin patches, and hayrides. Additionally, there are various shops where visitors can find antiques from Riga's past such as Riga Country Store & Antiques and Village Antiques Mall. For those looking for outdoor recreation, there are nearby parks like Sterling State Park and Pointe Mouillee State Game Area that offer a variety of activities such as fishing, kayaking, bird watching, hunting, and camping.

Riga has an unemployment rate of 5.5%. The US average is 6.0%.

Riga has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Riga
- The Sales Tax Rate for Riga is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Riga 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 Riga
- The average income of a Riga resident is $29,200 a year. The US average is $28,555 a year.
- The Median household income of a Riga resident is $78,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRiga, MichiganUnited States
  5.56
  -7.2%-6.2%
  25.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,121$37,638
  $78,750$69,021
  $89,189$85,028
  Population by Occupation
  8.0%1.2%
  0.0%0.5%
  11.5%6.8%
  16.9%10.0%
  1.7%2.5%
  12.0%11.0%
  4.3%4.8%
  0.5%0.8%
  0.3%1.9%
  2.8%4.7%
  1.4%1.9%
  4.9%7.6%
  0.0%0.1%
  2.9%4.2%
  3.7%9.3%
  16.2%14.0%
  1.2%2.1%
  1.1%7.0%
  5.5%4.8%
  5.1%4.7%
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