Carlton, MI is a small but vibrant town located in the Midwestern United States. Although its population size is not specified, it has many local businesses such as Cornerstone Pizza Parlor, Carlton Diner, Family Dollar Store and other retail outlets. In terms of amenities, Carlton offers an outdoor pool, hiking trails, regional parks and various recreational activities for residents to enjoy.
When it comes to the cost of living in Carlton, MI compared to the US average there is a slight difference. The rent for a two bedroom apartment in Carlton is $910 per month versus $1,430 in other parts of the US. The Grocery Cost Index (FCI) reflects an even greater difference with 94 versus 100 in the US. This means that food costs 6% less than the national average in Carlton which makes it an affordable place to live.
Carlton has an unemployment rate of 4.9%. The US average is 6.0%.
Carlton has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Carlton
- The Sales Tax Rate for Carlton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carlton 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 Carlton
- The average income of a Carlton resident is $29,921 a year. The US average is $28,555 a year.
- The Median household income of a Carlton resident is $75,225 a year. The US average is $69,021 a year.