Verona, MI is a small town in the United States with a current population of approximately 2,000 people. It is considered an affordable place to live, as rent for 2 bedroom apartments can be found at $850 per month, much lower than the national average of $1,430. The Grocery Cost Index for Verona is also quite low, standing at 91 compared to the US average of 100.
Verona has a few local companies including Jolly's Family Restaurant and Grandma's Pantry Bakery. These businesses offer residents delicious meals and treats that make living in the area even more enjoyable. Verona is also home to many other unique shops and services that allow locals to support their community while still getting what they need.
Verona has an unemployment rate of 5.7%. The US average is 6.0%.
Verona has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Verona
- The Sales Tax Rate for Verona is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Verona 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 Verona
- The average income of a Verona resident is $24,463 a year. The US average is $28,555 a year.
- The Median household income of a Verona resident is $51,732 a year. The US average is $69,021 a year.