Dexter, MI is a picturesque city located in Michigan that is great for both working and living. The cost of living in Dexter is relatively lower than the national average with a 2 bedroom rent of $1,440 compared to $1,430 nationally. Additionally, grocery costs are also very competitive with an index of 102 versus 100 nationally. To further demonstrate affordability in the area, local businesses like Dexter Wellness Pharmacy, 6G Distributing Company, and Dexter Firewood exist to help promote economic growth. These companies are thriving and show evidence of a strong economy in Dexter.
Dexter has an unemployment rate of 4.3%. The US average is 6.0%.
Dexter has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Dexter
- The Sales Tax Rate for Dexter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dexter 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 Dexter
- The average income of a Dexter resident is $31,390 a year. The US average is $28,555 a year.
- The Median household income of a Dexter resident is $86,313 a year. The US average is $69,021 a year.