Fenton, MI is a small city located in Michigan with a close-knit community. The areas cost of living index is 98 when compared to the US which makes it an affordable option for those looking to move. Two bedroom rent in Fenton is $1,310 while it is $1,430 in the US making it more accessible. Popular local companies include ABC Medical Center, XYZ Car Service, and DEF Appliance Store. All three offer quality services at affordable prices for locals. Additionally Fenton offers great job opportunities with a variety of different industries including manufacturing, retail, education and medical services. In conclusion Fenton has a lot to offer its residents from affordability to great job opportunities making it an attractive city to live in.
Fenton has an unemployment rate of 7.1%. The US average is 6.0%.
Fenton has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Fenton
- The Sales Tax Rate for Fenton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fenton 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 Fenton
- The average income of a Fenton resident is $37,049 a year. The US average is $37,638 a year.
- The Median household income of a Fenton resident is $70,745 a year. The US average is $69,021 a year.