Edwardsburg, MI is a small town in Michigan with a population of around 2,000 people. As one would expect from a small town in Michigan, living costs are very reasonable - rent for a two bedroom is only $980 compared to the national average of $1,430. Furthermore, many local businesses help keep costs low by maintaining a grocery cost index of 93 compared to 100 in the US. These local businesses are an important part of Edwardsburg's economy and culture. The most prominent businesses include Creekside Furniture & Cabinetry, Woodland Lawn Care & Landscaping, Edwardsburg Hardware & Supply and more. These companies contribute to Edwardsburg's economy by providing quality services and encouraging investment in the community. Additionally, they provide employment opportunities for residents which helps to create an environment of economic stability and growth. Finally, these businesses also contribute to the town's culture by helping bring people together through various events and activities sponsored by them throughout the year.
Edwardsburg has an unemployment rate of 5.2%. The US average is 6.0%.
Edwardsburg 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 Edwardsburg
- The Sales Tax Rate for Edwardsburg is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Edwardsburg 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 Edwardsburg
- The average income of a Edwardsburg resident is $17,090 a year. The US average is $28,555 a year.
- The Median household income of a Edwardsburg resident is $50,893 a year. The US average is $69,021 a year.