Brampton, MI is a small city located in the US. It has a population of around 3,000 and is known for its small-town charm. The cost of living in Brampton is quite affordable, with 2 bedroom rent costing $810 per month compared to the US average of $1,430. Additionally, grocery costs are relatively low in Brampton with an index score of 90 compared to the national average of 100.
Brampton’s economy mainly consists of small businesses such as supermarkets, restaurants, and stores. Local companies include Dave's Supermarket, Jack's Restaurant, Grand Central Station Convenience Store, and Donut Plaza. These companies provide employment opportunities for the locals as well as attract tourists from nearby cities. The city also plays an important role in the local agricultural industry by producing various food items for sale in the area. Overall, Brampton is a great place to live due to its low cost of living and vibrant local economy.
Brampton has an unemployment rate of 6.4%. The US average is 6.0%.
Brampton has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Brampton
- The Sales Tax Rate for Brampton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Brampton 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 Brampton
- The average income of a Brampton resident is $38,649 a year. The US average is $37,638 a year.
- The Median household income of a Brampton resident is $58,000 a year. The US average is $69,021 a year.