Clement, MI is a small town that offers a variety of amenities for its residents. The 2 bedroom rent in Clement is $880 per month, which is significantly lower than the US average of $1,430. Additionally, groceries are also more affordable in Clement than other cities across the US. The Grocery Cost Index in Clement is 91 versus 100 in the US, making it an ideal location for those looking to save money on their living expenses. Local companies such as D&J Carpet Company and Mid-Michigan Steel Supply provide services to residents of Clement. All in all, this small town provides its residents with affordable living costs and local resources.
Clement has an unemployment rate of 7.5%. The US average is 6.0%.
Clement has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Clement
- The Sales Tax Rate for Clement is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clement 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 Clement
- The average income of a Clement resident is $23,373 a year. The US average is $28,555 a year.
- The Median household income of a Clement resident is $47,500 a year. The US average is $69,021 a year.