Breedsville, MI is a small town located in the midwestern United States. It has a population of about 3,000 people, making it an ideal place for those looking for a slower pace of life. The cost of living in Breedsville is quite low compared to other areas - two bedroom rental prices are only $870, while the U.S. average is $1,430. In addition, the grocery cost index in Breedsville is 95 versus 100 in the US. There are several local businesses that make up part of Breedsville’s economy which include Breedsville Supply Co., Flannery Hardware Store and Howland Automotive Repair. Between its low cost of living and vibrant local businesses, Breedsville provides its residents with an affordable and comfortable lifestyle.
Breedsville has an unemployment rate of 6.6%. The US average is 6.0%.
Breedsville has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Breedsville
- The Sales Tax Rate for Breedsville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Breedsville 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 Breedsville
- The average income of a Breedsville resident is $21,317 a year. The US average is $37,638 a year.
- The Median household income of a Breedsville resident is $58,571 a year. The US average is $69,021 a year.