Victory, MI is a small town located in the United States with a population of around 2,000 people. It is popular among young couples and families looking for an affordable place to live with a low cost of living. The average two bedroom rent in Victory is $890 per month, which is much lower than the US average of $1,430. The Grocery Cost Index in Victory is also lower than the national index, at 91 versus 100. Local companies like Victory Supermarket and Victory Furniture Store offer residents plenty of options when it comes to groceries and furniture needs. Residents can expect to spend an average of $850 on groceries per month and around $800 on utilities each month.
Victory has an unemployment rate of 6.9%. The US average is 6.0%.
Victory has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Victory
- The Sales Tax Rate for Victory is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Victory 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 Victory
- The average income of a Victory resident is $20,841 a year. The US average is $28,555 a year.
- The Median household income of a Victory resident is $67,115 a year. The US average is $69,021 a year.