Springvale, MI is a small town located in the Midwest with a population of about 1,000 people. It offers its citizens quiet living and affordable housing options; in particular two-bedroom apartments are available for rent at an average rate of $990, which is much lower than the US average of $1,430. Additionally, the cost of groceries is also lower than the US average index (95 as opposed to 100), making it easier for households to make ends meet. The town has a few local businesses such as Springvale Pharmacy and Springvale Auto Repair that provide essential services to residents.
Springvale has an unemployment rate of 7.5%. The US average is 6.0%.
Springvale has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Springvale
- The Sales Tax Rate for Springvale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Springvale 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 Springvale
- The average income of a Springvale resident is $26,381 a year. The US average is $28,555 a year.
- The Median household income of a Springvale resident is $78,214 a year. The US average is $69,021 a year.