Posen, MI is an ideal place to live for those seeking affordability in their living expenses. With a two bedroom rent at only $840 compared to the US average of $1,430, it's clear why this small city has become so popular. In addition to this cost savings, Posen also offers an excellent Grocery Cost Index of 91, which is 9 points lower than the national average.
This small Michigan city offers many great local companies and amenities to its residents. There are numerous restaurants offering delicious local cuisine, including The steak House and Blueberry Cafe. Additionally, there are several shopping centers providing for all your needs, from clothing stores like The Sewing Room to department stores like Value Center Marketplace. Other unique attractions include Posen Nature Park with its lush green spaces and Lake Gratiot featuring nine miles of beaches perfect for swimming, fishing and boating activities.
Posen has an unemployment rate of 9.5%. The US average is 6.0%.
Posen has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 11.8%, which is lower than the US average of 33.5%.
Tax Rates for Posen
- The Sales Tax Rate for Posen is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Posen 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 Posen
- The average income of a Posen resident is $19,827 a year. The US average is $37,638 a year.
- The Median household income of a Posen resident is $40,972 a year. The US average is $69,021 a year.