Taymouth, MI is a great place to live due to its low cost of living. 2 bedroom rent in Taymouth is significantly lower than the US average at $1,010 compared with $1,430. Furthermore, the Grocery Cost Index in Taymouth is 93 versus 100 in the US. This makes Taymouth an extremely affordable place to live. Local companies such as Johnson Manufacturing and Smith&Co. provide job opportunities for those looking to move to this area. With a lower cost of living than most places, Taymouth is an ideal location to call home.
Taymouth has an unemployment rate of 6.8%. The US average is 6.0%.
Taymouth has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Taymouth
- The Sales Tax Rate for Taymouth is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Taymouth 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 Taymouth
- The average income of a Taymouth resident is $21,451 a year. The US average is $28,555 a year.
- The Median household income of a Taymouth resident is $64,051 a year. The US average is $69,021 a year.