St. Louis, MI is a small city in Michigan that offers affordable living expenses. The average two-bedroom rent rate is $890, which is much lower than the US average of $1,430. Grocery costs are also lower than the national average, with an index of 90 compared to the US's 100. The city is home to a variety of companies such as Garber Chevrolet St. Louis, St. Clair County Industries, and Advanced Machine and Design Co., providing employment opportunities for its residents. With its low cost of living and diverse job market, St. Louis, MI provides an ideal environment for both young people and families alike.
St. Louis has an unemployment rate of 5.6%. The US average is 6.0%.
St. Louis has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for St. Louis
- The Sales Tax Rate for St. Louis is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Louis 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 St. Louis
- The average income of a St. Louis resident is $9,208 a year. The US average is $28,555 a year.
- The Median household income of a St. Louis resident is $43,777 a year. The US average is $69,021 a year.