Baldwin, MI is an excellent place to live for both its affordability and its local businesses. The average cost of rent for a two bedroom apartment in Baldwin is $850, which is much lower than the national average of $1,430. The grocery cost index in Baldwin is 90, versus 100 nationally, which shows that groceries are also less expensive than other parts of the country. In addition to affordability, Baldwin has many great local companies such as Sunrise Family Farm Market, Hair Solutions Salon & Day Spa, and YMCA Camp Torento. These establishments give residents more options for shopping and entertainment than if they lived elsewhere.
Baldwin has an unemployment rate of 8.4%. The US average is 6.0%.
Baldwin has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Baldwin
- The Sales Tax Rate for Baldwin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baldwin 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 Baldwin
- The average income of a Baldwin resident is $12,011 a year. The US average is $37,638 a year.
- The Median household income of a Baldwin resident is $22,593 a year. The US average is $69,021 a year.