Branch, MI is a small town located in Michigan that offers a range of amenities and activities for its residents. Two bedroom rent in Branch, MI costs $880 which is much lower than the US average of $1,430 making it an affordable place to live. The cost of living index in Branch, MI stands at 90 compared to 100 in the US. Additionally, various local companies such as Bonanza Restaurant and Grandy's Grocery Store offer employment opportunities for locals. All in all, Branch is an ideal place for people looking to move to a small town with good job opportunities and an affordable cost of living.
Branch has an unemployment rate of 6.9%. The US average is 6.0%.
Branch 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 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Branch
- The Sales Tax Rate for Branch is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Branch 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 Branch
- The average income of a Branch resident is $17,710 a year. The US average is $28,555 a year.
- The Median household income of a Branch resident is $48,929 a year. The US average is $69,021 a year.