Chestonia, MI is a small town located in the Midwestern United States. It has a vibrant economy driven by local businesses such as Chestonia Steel, Megafoods Grocery Store, and Central Motors. These companies provide employment opportunities for many residents of Chestonia as well as the surrounding towns. The cost of living in Chestonia is very reasonable compared to other areas of the country. The 2 bedroom rent is $870 per month which is much lower than the US average of $1,430 per month. The Grocery Cost Index in Chestonia is 89 compared to 100 in the US, making groceries cheaper than most other places. Overall, with its low cost of living and strong economic base, Chestonia is an attractive place to call home.
Chestonia has an unemployment rate of 7.8%. The US average is 6.0%.
Chestonia 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 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Chestonia
- The Sales Tax Rate for Chestonia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chestonia 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 Chestonia
- The average income of a Chestonia resident is $19,349 a year. The US average is $28,555 a year.
- The Median household income of a Chestonia resident is $34,133 a year. The US average is $69,021 a year.