Imlay City, MI is a small town located in Lapeer County with a population of around 4,500. The city has many local businesses that include a grocery store, restaurants, gas stations, and other retailers. Rent for 2 bedroom apartments is quite affordable at only $1,020 per month, compared to $1,430 nationwide. Additionally, the Grocery Cost Index in Imlay City is 95 versus 100 nationally. Popular companies in the area are O'Reilly Auto Parts, CVS Pharmacy and Dollar General. Residents enjoy easy access to nearby cities like Flint and Saginaw due to its convenient location at the intersection of M-53 and I-69.
Imlay City has an unemployment rate of 4.9%. The US average is 6.0%.
Imlay City has seen the job market decrease by -10.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Imlay City
- The Sales Tax Rate for Imlay City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Imlay City 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 Imlay City
- The average income of a Imlay City resident is $21,310 a year. The US average is $37,638 a year.
- The Median household income of a Imlay City resident is $39,293 a year. The US average is $69,021 a year.