Ada, MI is a small town located in Michigan. The rent for a two bedroom apartment is $1,810 compared to the US average of $1,430. Groceries are more expensive in Ada, with an index of 102 compared to the US index of 100. \nSome well known companies based in Ada include Amway Corporation, Alticor Inc., Cascade Engineering and Spartan Motors. These companies provide economic stability and employment opportunities for locals. Ada is also home to many parks and trails that are perfect for outdoor recreation activities such as hiking, biking and running.
Ada has an unemployment rate of 4.8%. The US average is 6.0%.
Ada has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Ada
- The Sales Tax Rate for Ada is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ada 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 Ada
- The average income of a Ada resident is $50,099 a year. The US average is $28,555 a year.
- The Median household income of a Ada resident is $141,992 a year. The US average is $69,021 a year.