Chapin, MI is a small town located in Michigan. It has a population of about 1,000 people and it is known for its affordable cost of living. The average 2 bedroom rent in Chapin is $910 which is significantly lower than the US national average of $1,430. The grocery cost index in Chapin is 92 compared to 100 in the US, indicating that groceries are even more affordable compared to other parts of the country. Local companies include Chapin Park & Ride, which provides a shuttle service from local towns to Lansing; Goodrich Electric Motors Inc., which specializes in electric motor repair and services; and Big Papi’s Pizza & Subs, which provides pizza and subs at an affordable price. All these local businesses make Chapin an attractive place to live due to its low cost of living and strong sense of community.
Chapin has an unemployment rate of 6.8%. The US average is 6.0%.
Chapin has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Chapin
- The Sales Tax Rate for Chapin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chapin 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 Chapin
- The average income of a Chapin resident is $28,544 a year. The US average is $37,638 a year.
- The Median household income of a Chapin resident is $53,981 a year. The US average is $69,021 a year.