Frenchtown, Michigan is a small town located in Monroe County. It is a charming community with a population of approximately 1,500 people. The rental prices for two-bedroom apartments are quite affordable here; the median two-bedroom rent is only $1,090 while it averages to about $1,430 in the U.S. Moreover, grocery costs are lower than the national average; Frenchtown's Grocery Cost Index is 94 versus 100 in the U.S., making groceries more affordable for its residents. There are many companies based in Frenchtown such as D&H Industries, L&B Equipment Company, and Whitey’s Automotive Service Center that provide job opportunities for locals and contribute to the economy of Frenchtown.
Frenchtown has an unemployment rate of 5.6%. The US average is 6.0%.
Frenchtown has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Frenchtown
- The Sales Tax Rate for Frenchtown is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frenchtown 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 Frenchtown
- The average income of a Frenchtown resident is $31,387 a year. The US average is $37,638 a year.
- The Median household income of a Frenchtown resident is $61,357 a year. The US average is $69,021 a year.