Trowbridge, MI is a small town in the Midwestern United States known for its family-friendly environment and affordable cost of living. The average 2 bedroom rent in Trowbridge is only $970 compared to the US average of $1,430. Additionally, the grocery cost index in Trowbridge is 93 versus 100 in the US. Popular local companies include Ambiance Bakery, Trowbridge Auto Repair, and R & S Dry Cleaners. The town values traditions and community involvement and offers plenty of activities for families to enjoy together such as events at the local farmers market or concerts at the amphitheater.
Trowbridge has an unemployment rate of 5.1%. The US average is 6.0%.
Trowbridge has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Trowbridge
- The Sales Tax Rate for Trowbridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Trowbridge 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 Trowbridge
- The average income of a Trowbridge resident is $23,226 a year. The US average is $28,555 a year.
- The Median household income of a Trowbridge resident is $68,507 a year. The US average is $69,021 a year.