Beaverton, MI is a small town located in central Michigan with a population of approximately 1,700 people. It is known for its low cost of living, especially when it comes to housing costs; the average 2-bedroom rent in Beaverton is $830 per month, significantly less than the US average of $1,430 per month. Additionally, the Grocery Cost Index in Beaverton is 91 compared to 100 in the US. This makes Beaverton a great place for families looking to save money and enjoy rural living. \nThere are several notable companies located within Beaverton, including Horizon Drilling Services LLC and Twin Oak Farm Markets. Horizon Drilling is a well-respected natural gas drilling company while Twin Oak Farm Markets offer fresh produce from local farmers year round. Other major industries include agriculture, construction and manufacturing which all employ many residents of the town. Although small compared to other towns throughout Michigan, Beaverton still offers plenty of opportunity for those looking to live somewhere affordable yet still close enough to larger cities with more amenities.
Beaverton has an unemployment rate of 7.5%. The US average is 6.0%.
Beaverton has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Beaverton
- The Sales Tax Rate for Beaverton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beaverton 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 Beaverton
- The average income of a Beaverton resident is $17,200 a year. The US average is $28,555 a year.
- The Median household income of a Beaverton resident is $26,974 a year. The US average is $69,021 a year.