Three Oaks, Michigan is a small town located in the southwest corner of the state. It is known for its quiet atmosphere and beautiful forests. The cost of living in Three Oaks is quite reasonable with a two bedroom apartment renting for $1,050 compared to $1,430 across the United States. Groceries in Three Oaks are also cheaper with an index rating of 93 versus 100 in the United States. Local companies include South Shore Brewery, Cornerstone Market, and B&W Bicycle Repair Shop. All three businesses contribute to the local economy and provide quality goods and services to residents.
Three Oaks has an unemployment rate of 5.8%. The US average is 6.0%.
Three Oaks has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Three Oaks
- The Sales Tax Rate for Three Oaks is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Three Oaks 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 Three Oaks
- The average income of a Three Oaks resident is $20,506 a year. The US average is $28,555 a year.
- The Median household income of a Three Oaks resident is $59,167 a year. The US average is $69,021 a year.