Stockbridge, MI is an economically vibrant city that offers a lot of opportunities for people looking to rent or buy a home. With an average 2 Bedroom Rent of $1,070 it is one of the most affordable cities in the US where the average 2 bedroom rent is $1,430. Moreover, Stockbridge has attractive grocery prices compared with other cities in the US; its Grocery Cost Index of 95 is lower than the US index of 100. The city boasts many well-known local companies such as ABC Corporation and XYZ Company that offer great job opportunities for residents. All in all, Stockbridge provides a high quality of life at very attractive prices.
Stockbridge has an unemployment rate of 5.2%. The US average is 6.0%.
Stockbridge has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Stockbridge
- The Sales Tax Rate for Stockbridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stockbridge 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 Stockbridge
- The average income of a Stockbridge resident is $27,973 a year. The US average is $37,638 a year.
- The Median household income of a Stockbridge resident is $50,536 a year. The US average is $69,021 a year.