Calvin, MI is a small town located in the southern region of Michigan. It is known for its friendly atmosphere and affordable housing. The average rent for a two-bedroom apartment in Calvin is $860, which is significantly lower than the national average of $1,430. Similarly, the Grocery Cost Index (GCI) in Calvin is 91% compared to the national rate of 100%. As such, living in Calvin is an excellent choice for those looking to save money on rent and food. Many local businesses have made their homes in Calvin, such as Oakwood Farms Market, Calvin Country Store, and even a few restaurants like Larry’s Pub & Grub. All these companies make it possible to enjoy the comforts of home without paying an exorbitant price tag.
Calvin has an unemployment rate of 5.2%. The US average is 6.0%.
Calvin has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Calvin
- The Sales Tax Rate for Calvin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Calvin 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 Calvin
- The average income of a Calvin resident is $25,874 a year. The US average is $28,555 a year.
- The Median household income of a Calvin resident is $59,464 a year. The US average is $69,021 a year.