Macomb, MI is a city with a population of 80,167 located in the southeast portion of Michigan. It has a diverse economy and well-known companies such as Comerica Bank, Flagstar Bank, and Macomb Community College are based there. The cost of living in Macomb is slightly higher than the US average when it comes to rent for two bedrooms which is $1,580 compared to $1,430 for the US and grocery costs at 100 index versus also 100 in the US. Overall, Macomb provides its residents with a high quality of life despite its higher prices.
Macomb has an unemployment rate of 2.8%. The US average is 6.0%.
Macomb has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Macomb
- The Sales Tax Rate for Macomb is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Macomb 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 Macomb
- The average income of a Macomb resident is $40,096 a year. The US average is $37,638 a year.
- The Median household income of a Macomb resident is $106,224 a year. The US average is $69,021 a year.