Dowagiac, MI is a great place to live for those looking for an affordable lifestyle. It has a lower rent than the US average at $810 for two bedrooms, a Grocery Cost Index of 90 versus 100 in the US, and other cost-saving benefits. The city has plenty of local companies to explore, including Dowagiac Auto Parts, A&B Automotive Repair, Big Brothers Tree Service, and many more. Overall, the cost of living in Dowagiac is much lower than the national average so it makes for a great place to call home and enjoy life without breaking the bank.
Dowagiac has an unemployment rate of 5.2%. The US average is 6.0%.
Dowagiac has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.
Tax Rates for Dowagiac
- The Sales Tax Rate for Dowagiac is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Dowagiac 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 Dowagiac
- The average income of a Dowagiac resident is $15,551 a year. The US average is $28,555 a year.
- The Median household income of a Dowagiac resident is $42,371 a year. The US average is $69,021 a year.