Edgemont Park, MI is a wonderful place to live and work. The cost of living is far less than the US average, with 2 bedroom rent at just $1,100 compared to the US average of $1,430. The grocery cost index is also lower at 95 versus 100 in the US. With its convenient location and affordability, Edgemont Park attracts many people looking to settle down. Local companies and attractions include the Little Bear East Arena & Sports Complex, the Michigan-Wisconsin Railroad Museum, and various stores like Walmart, Target and Meijers. There are plenty of outdoor activities as well with local parks like Kensington Metropark offering numerous recreational opportunities. Edgemont Park offers something for everyone.
Edgemont Park has an unemployment rate of 5.2%. The US average is 6.0%.
Edgemont Park 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 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Edgemont Park
- The Sales Tax Rate for Edgemont Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Edgemont Park 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 Edgemont Park
- The average income of a Edgemont Park resident is $25,349 a year. The US average is $28,555 a year.
- The Median household income of a Edgemont Park resident is $59,063 a year. The US average is $69,021 a year.