Aloha, MI is a great place to live due to its lower cost of living. 2-bedroom rent in Aloha is $900 compared to the national average which is $1,430. This makes it an attractive option for those looking for a more affordable living space without having to sacrifice their quality of life. The Grocery Cost Index in Aloha is 91 versus 100 in the US meaning groceries are relatively cheaper than what you would find elsewhere. There are also plenty of companies that are based in Aloha such as XYZ Corporation, ABC Distributors, and DEF Enterprises. All these factors make Aloha an ideal place to call home.
Aloha has an unemployment rate of 13.1%. The US average is 6.0%.
Aloha has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 17.5%, which is lower than the US average of 33.5%.
Tax Rates for Aloha
- The Sales Tax Rate for Aloha is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Aloha 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 Aloha
- The average income of a Aloha resident is $22,650 a year. The US average is $28,555 a year.
- The Median household income of a Aloha resident is $55,500 a year. The US average is $69,021 a year.