Tompkins, MI is a small city located in Michigan with a population of 1,750 people. It is home to many local businesses, such as the Towne Theatre, Tompkins Pizza Parlor, and Tompkins Feed & Seed. The cost of living in Tompkins is relatively low compared to other cities in the US. The average rent for a two bedroom apartment is $1,040 compared to the national average of $1,430. Similarly, the grocery cost index in Tompkins is 94 versus the national average of 100. This makes it an ideal place for those looking for a more affordable lifestyle.
Tompkins has an unemployment rate of 5.9%. The US average is 6.0%.
Tompkins 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 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Tompkins
- The Sales Tax Rate for Tompkins is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tompkins 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 Tompkins
- The average income of a Tompkins resident is $25,799 a year. The US average is $28,555 a year.
- The Median household income of a Tompkins resident is $73,336 a year. The US average is $69,021 a year.