Allegan, MI is a small city located in the southwestern part of Michigan. It's home to many local businesses such as Allegan Grocery, Allegan General Hospital, Allegan Savings Bank, and Lakeside Automotive Repair. The cost of living in Allegan is much lower than other areas in Michigan due to its relatively lower rent prices and grocery costs. On average, two-bedroom rents are $970 compared to the national average of $1,430, and grocery cost index is 93 compared to 100 in the US.
Allegan has an unemployment rate of 5.1%. The US average is 6.0%.
Allegan has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Allegan
- The Sales Tax Rate for Allegan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Allegan 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 Allegan
- The average income of a Allegan resident is $19,318 a year. The US average is $28,555 a year.
- The Median household income of a Allegan resident is $41,793 a year. The US average is $69,021 a year.