Caledonia, MI is a great place to live with plenty of local businesses to explore. Companies in Caledonia include Meijer, Star Trucking Inc., Zimco Supply Company, and Caledonia Machine & Tool Inc. The cost of living in Caledonia is lower than the US average, with a two bedroom rent costing $1,490 compared to the US average of $1,430. Grocery costs are also lower with an index of 99 versus 100 in the US. Those looking for a more affordable place to settle should consider Caledonia as an option.
Caledonia has an unemployment rate of 4.8%. The US average is 6.0%.
Caledonia has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.
Tax Rates for Caledonia
- The Sales Tax Rate for Caledonia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Caledonia 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 Caledonia
- The average income of a Caledonia resident is $39,379 a year. The US average is $37,638 a year.
- The Median household income of a Caledonia resident is $88,750 a year. The US average is $69,021 a year.