Tobacco, MI is a small town in the Midwestern United States. It provides a quiet atmosphere and low cost of living for its citizens. The average rent for a 2 bedroom apartment in Tobacco is $830, much lower than the average US rent of $1,430. The grocery cost index in Tobacco is also 91 compared to 100 in the US. This makes it an attractive location for those looking to save on costs without sacrificing quality. Local companies offer a variety of services such as plumbing and air conditioning repair from B&B Plumbing and Heating, car repair from Myers Garage, and lawn care from HR Green Lawn Care & Landscaping. Whether you are looking to save on costs or just enjoy the peace of a small town, Tobacco has something to offer everyone.
Tobacco has an unemployment rate of 7.5%. The US average is 6.0%.
Tobacco has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Tobacco
- The Sales Tax Rate for Tobacco is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tobacco 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 Tobacco
- The average income of a Tobacco resident is $26,312 a year. The US average is $28,555 a year.
- The Median household income of a Tobacco resident is $56,034 a year. The US average is $69,021 a year.