Castleton, MI is a small town located in Michigan. It has a low cost of living compared to the national average, with an average 2 bedroom rent of $870 compared to the US average of $1,430. The grocery costs index in Castleton is 92 versus 100 in the US. This makes it an ideal location for those looking to save money on their monthly expenses. Local businesses in Castleton include Meijer, Walgreens and Target. There are also several local restaurants such as Cafe Nola Kitchen and Bar, Five Star Diner & Grille and El Cazador Mexican Restaurant. With low living costs and a variety of local businesses, Castleton is great place to live for anyone looking for an affordable lifestyle.
Castleton has an unemployment rate of 4.9%. The US average is 6.0%.
Castleton 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 Castleton
- The Sales Tax Rate for Castleton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Castleton 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 Castleton
- The average income of a Castleton resident is $19,805 a year. The US average is $28,555 a year.
- The Median household income of a Castleton resident is $40,078 a year. The US average is $69,021 a year.