Beverly Hills, MI is a suburban city located in the metro Detroit area. It is home to several popular companies, including Ferrous Engineering, United Tool and Die and Oakley Design Group. The city is also home to many attractions that attract visitors from around the world including Frank Lloyd Wright's Meyer May House, the Grand Rapids Public Museum, Frederik Meijer Gardens & Sculpture Park and John Ball Zoo. Residents of Beverly Hills enjoy a cost of living index slightly higher than the national average at 103 versus 100 in the US. This includes an average two bedroom rent rate of $1,740 per month as opposed to $1,430 in the US.
Beverly Hills has an unemployment rate of 3.5%. The US average is 6.0%.
Beverly Hills has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Beverly Hills
- The Sales Tax Rate for Beverly Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Beverly Hills 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 Beverly Hills
- The average income of a Beverly Hills resident is $52,777 a year. The US average is $28,555 a year.
- The Median household income of a Beverly Hills resident is $148,101 a year. The US average is $69,021 a year.