Three Rivers, Michigan is a small town located in the Saint Joseph County with a population of nearly 7,400. Although relatively small, Three Rivers offers many amenities to its residents such as local businesses like The Flower Mill, Olivet Store & Café, and Husted’s Market. The cost of living in Three Rivers is quite affordable compared to other cities. For example, the average rent for two-bedrooms apartment is around $820 whereas the US average rent for two-bedroom apartments is about $1,430. Moreover, grocery costs are also lower than the national average with an index being 93 compared to 100 in the US. All in all, Three Rivers provides a good quality of life at an affordable cost.
Three Rivers has an unemployment rate of 4.9%. The US average is 6.0%.
Three Rivers has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Three Rivers
- The Sales Tax Rate for Three Rivers is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Three Rivers 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 Rivers
- The average income of a Three Rivers resident is $16,695 a year. The US average is $28,555 a year.
- The Median household income of a Three Rivers resident is $45,327 a year. The US average is $69,021 a year.