Bridgewater, MI is a small city in the Midwestern state of Michigan. It has a population of around 3,000 people and is known for its peaceful atmosphere. Bridgewater's economy relies heavily on several local companies including Bridgewater Foods LLC, S&P Supply Inc., and Modern Landfill & Disposal. These businesses provide a wide variety of employment opportunities to the city's residents. In addition to these companies, Bridgewater also has many other small businesses that help contribute to its thriving economy. The cost of living in Bridgewater is quite affordable with a 2 bedroom rent averaging $1,140 per month, which is less than the US average of $1,430. Grocery cost index in Bridgewater is also lower than the US at 97 out of 100. Overall, Bridgewater offers an affordable lifestyle with plenty of resources to enjoy.
Bridgewater has an unemployment rate of 4.3%. The US average is 6.0%.
Bridgewater has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Bridgewater
- The Sales Tax Rate for Bridgewater is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bridgewater 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 Bridgewater
- The average income of a Bridgewater resident is $43,588 a year. The US average is $37,638 a year.
- The Median household income of a Bridgewater resident is $92,813 a year. The US average is $69,021 a year.