Cedar Springs, MI Economy


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Cedar Springs, MI is an affordable city to live in with excellent local amenities. 2 bedroom rent is $1,120 per month which is significantly lower than the US average of $1,430. The Grocery Cost Index in Cedar Springs is 96 compared to the 100 US average. This makes it a great place to live for those looking for an affordable lifestyle. The city has many local businesses such as Cedar Lumber, Central Bank, Cedar Spring Pharmacy, and Canyon Restaurant that provide residents with goods and services. There are also several schools nearby including Cedar Springs High School and Middle School that offer students a quality education. Overall, Cedar Springs is a great place to live with plenty of amenities at a reasonable cost.

Cedar Springs has an unemployment rate of 4.8%. The US average is 6.0%.

Cedar Springs 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 Cedar Springs
- The Sales Tax Rate for Cedar Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Springs 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 Cedar Springs
- The average income of a Cedar Springs resident is $24,151 a year. The US average is $37,638 a year.
- The Median household income of a Cedar Springs resident is $46,762 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCedar Springs, MichiganUnited States
  4.86
  -6.2%-6.2%
  37.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,151$37,638
  $46,762$69,021
  $59,637$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.5%6.8%
  21.9%10.0%
  4.0%2.5%
  13.4%11.0%
  2.7%4.8%
  0.0%0.8%
  0.0%1.9%
  1.5%4.7%
  1.1%1.9%
  3.4%7.6%
  0.0%0.1%
  5.4%4.2%
  7.6%9.3%
  8.7%14.0%
  3.2%2.1%
  12.9%7.0%
  4.4%4.8%
  0.4%4.7%
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