Burr Oak, MI is an affordable place to live with a two bedroom rent cost of only $840. This is significantly lower than the US average of $1,430, making it an attractive option for those looking for more value in their rental living. The local grocery store index is also relatively low at 93 compared to the US average of 100, which could represent savings on everyday items. Burr Oak offers a variety of local attractions and businesses for people to enjoy. There are several parks to explore such as Pine Island Park and Warner Creek Nature Preserve. Additionally, there are a number of restaurants and stores in town such as the Burger Barn Restaurant and Burr Oak Hardware Store that offer unique experiences for visitors and locals alike.
Burr Oak has an unemployment rate of 4.9%. The US average is 6.0%.
Burr Oak has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Burr Oak
- The Sales Tax Rate for Burr Oak is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Burr Oak 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 Burr Oak
- The average income of a Burr Oak resident is $18,265 a year. The US average is $28,555 a year.
- The Median household income of a Burr Oak resident is $56,548 a year. The US average is $69,021 a year.