Yates, MI is a small town located in the Central region of Michigan. It is renowned for its friendly atmosphere and safe neighborhoods. The living cost in Yates is very affordable, with 2 bedroom rent at around $720 compared to the national average of $1,430. In addition, groceries are more affordable as evidenced by the Grocery Cost Index being 89 versus 100 in the US.
Yates has many local businesses and companies that cater to both locals and visitors alike. These companies include Mama Ruth’s Café & Bakery, which offers delicious home-style meals; Daddio’s Barbershop where you can get a classic cut; and McHenry’s Furniture Store that sells high quality furniture pieces. Job opportunities in Yates include positions at these businesses, as well as roles with the local government, healthcare providers, educational centers, and various non-profits organizations.
Yates has an unemployment rate of 8.4%. The US average is 6.0%.
Yates has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Yates
- The Sales Tax Rate for Yates is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Yates 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 Yates
- The average income of a Yates resident is $13,590 a year. The US average is $28,555 a year.
- The Median household income of a Yates resident is $22,143 a year. The US average is $69,021 a year.