Caberfae, MI is a small city with a population of around 5,000 people. The average 2 bedroom rent is significantly lower than the US average at $870 compared to $1,430 respectively. Additionally, the Grocery Cost Index is 91 versus 100 in the US which makes living in Caberfae more affordable. There are many local companies such as Caberfae Peaks Ski Resort which offers year-round activities for both locals and tourists alike. Moreover, the shopping outlets include Walmart, Meijers and Tractor Supply Store. There are several benefits of living in Caberfae including being able to take advantage of the low 2 bedroom rent rate, having access to affordable grocery items and being able to enjoy outdoor activities at nearby ski resorts or parks year round.
Caberfae has an unemployment rate of 6.2%. The US average is 6.0%.
Caberfae has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Caberfae
- The Sales Tax Rate for Caberfae is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Caberfae 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 Caberfae
- The average income of a Caberfae resident is $57,543 a year. The US average is $28,555 a year.
- The Median household income of a Caberfae resident is $55,000 a year. The US average is $69,021 a year.