Alpha, MI is a small town located in the state of Michigan with a population of about 2,000. It is known for its charming downtown area and a variety of local businesses that offer an array of products and services to its residents. Companies such as Alpha General Store, Alpha Air Conditioning Co., and Alpha Automotive are just a few of the local businesses located in Alpha. The cost of living in Alpha is quite affordable compared to the rest of the United States, especially when it comes to rent costs. A two-bedroom apartment can be rented for around $730 per month which is substantially lower than the national average rental rate at $1,430 for the same size unit. Additionally, grocery costs are also significantly lower with an index number at 86 versus 100 in the US.
Alpha has an unemployment rate of 6.8%. The US average is 6.0%.
Alpha has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Alpha
- The Sales Tax Rate for Alpha is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alpha 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 Alpha
- The average income of a Alpha resident is $16,847 a year. The US average is $28,555 a year.
- The Median household income of a Alpha resident is $33,629 a year. The US average is $69,021 a year.