Eaton Rapids, MI is a small town with plenty to offer its residents. It is located in Mid-Michigan with easy access to nearby Lansing and Jackson. The average 2 bedroom rent in Eaton Rapids is $1,010 compared to the US average of $1,430 which means that residents can enjoy a more affordable lifestyle than other parts of the country. The Grocery Cost Index for Eaton Rapids stands at 94 versus 100 in the US giving those living there even more savings when shopping for food items.
The area is home to several businesses including General Motors – Lansing Delta Township Assembly Plant, Eaton Steel Bar Company, and Auto-Owners Insurance Company. These companies make up a large portion of the local economy and provide numerous job opportunities for residents.
Overall, Eaton Rapids offers an affordable cost of living with many great job prospects due to the presence of local companies. With its convenient location between two major cities, it's no wonder why so many people choose to call this small town home.
Eaton Rapids has an unemployment rate of 4.9%. The US average is 6.0%.
Eaton Rapids 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 Eaton Rapids
- The Sales Tax Rate for Eaton Rapids is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Eaton Rapids 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 Eaton Rapids
- The average income of a Eaton Rapids resident is $18,468 a year. The US average is $28,555 a year.
- The Median household income of a Eaton Rapids resident is $56,047 a year. The US average is $69,021 a year.