equestId":"d1185540-3543-453e-8f50-522d92cbccab","resource":"content","data":[{"id":"txt_4630c5145403431fa31a27ab9fbdc32a","text":", and discuss the affordability of living \nStanwood, MI is a small town in Michigan with a variety of local businesses. The town is known for its low cost of living and affordable housing. The median 2-bedroom rent in the area is $850, compared to the national average of $1,430. Furthermore, the Grocery Cost Index in Stanwood is 94 versus 100 in the US. Local businesses include Stanwood General Store, Stanwood Hardware & Home Center, and Wok ‘n’ Roll Chinese Restaurant. All of these stores offer competitive prices that help make prices more affordable for local residents. Living in Stanwood can be quite affordable with the combination of inexpensive housing costs and reasonably priced local product prices.
Stanwood has an unemployment rate of 7.0%. The US average is 6.0%.
Stanwood has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Stanwood
- The Sales Tax Rate for Stanwood is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stanwood 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 Stanwood
- The average income of a Stanwood resident is $20,670 a year. The US average is $28,555 a year.
- The Median household income of a Stanwood resident is $43,750 a year. The US average is $69,021 a year.