Edwards, MI is a small town located in Michigan with plenty of local amenities and activities. It is a great place to live for those looking for an affordable lifestyle. The average 2 bedroom rent in Edwards is $830 compared to the US average of $1,430, making it one of the more reasonable places to live in Michigan. Grocery costs are also significantly lower than the national average at 90 versus 100. There are many local companies such as Edwards Motors and Edwards Grocery Store that help contribute to the strong sense of community in this area. The cost of living is very low which makes it an attractive destination for people who want to save money while still enjoying their day-to-day life.
Edwards has an unemployment rate of 8.5%. The US average is 6.0%.
Edwards has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Edwards
- The Sales Tax Rate for Edwards is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Edwards 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 Edwards
- The average income of a Edwards resident is $23,404 a year. The US average is $28,555 a year.
- The Median household income of a Edwards resident is $54,148 a year. The US average is $69,021 a year.