Boston, MI is a vibrant city in Michigan offering amenities and attractions to suit everyone’s needs. The cost of rent in Boston is quite affordable when compared to the national average, with 2 bedroom apartments typically costing $940 per month. Furthermore, the cost of groceries is also relatively low at a Grocery Cost Index of 95, which is 5 points lower than the US average. In terms of local companies, popular businesses in Boston include Lotto City Gaming Hall, A+ Auto Repair, and K&M Flooring. Each company offers unique services that contribute to Boston’s economic stability and overall growth.
Boston has an unemployment rate of 4.7%. The US average is 6.0%.
Boston has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Boston
- The Sales Tax Rate for Boston is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Boston 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 Boston
- The average income of a Boston resident is $30,778 a year. The US average is $37,638 a year.
- The Median household income of a Boston resident is $75,449 a year. The US average is $69,021 a year.