Corwith, MI is a small town located in Michigan with an estimated population of only 1,000 people. It has a low cost of living compared to the US average given that rent for a two bedroom apartment is $910 per month versus the US average of $1,430. Additionally, the Grocery Cost Index in Corwith is 89 compared to 100 in the US. Corwith offers many services and attractions to its residents such as The Corwith General Store which offers fresh produce and locally sourced products. There are also several restaurants in Corwith including Greasy Spoon Diner, The Dusty Spoon Cafe and Café du Jour. Other local attractions include the Powers Park and The Corwith Community Library which offers books, classes and other activities for all ages.
Corwith has an unemployment rate of 6.9%. The US average is 6.0%.
Corwith has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Corwith
- The Sales Tax Rate for Corwith is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Corwith 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 Corwith
- The average income of a Corwith resident is $27,431 a year. The US average is $37,638 a year.
- The Median household income of a Corwith resident is $52,303 a year. The US average is $69,021 a year.