Elbridge, MI Economy


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United States / Michigan / No Metro Area / Oceana County / Elbridge / Zip Codes
Elbridge, MI is a small town located in the midwest of the United States. The cost of living in Elbridge is quite reasonable compared to other parts of the country. Rent for a two bedroom apartment is just $810 per month, which is significantly lower than the national average. Additionally, grocery costs are around 91 on the Grocery Cost Index (compared to 100 nationally). The town also has several local businesses such as 'Elbridge Deli' and 'Fairfield Auto Repair', both offering great services at affordable prices. All these factors make Elbridge an ideal place to live.

Elbridge has an unemployment rate of 8.0%. The US average is 6.0%.

Elbridge 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 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Elbridge
- The Sales Tax Rate for Elbridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elbridge 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 Elbridge
- The average income of a Elbridge resident is $16,019 a year. The US average is $28,555 a year.
- The Median household income of a Elbridge resident is $62,708 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyElbridge, MichiganUnited States
  86
  -5.1%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,210$37,638
  $62,708$69,021
  $73,250$85,028
  Population by Occupation
  22.6%1.2%
  0.0%0.5%
  7.9%6.8%
  17.3%10.0%
  3.4%2.5%
  5.8%11.0%
  2.1%4.8%
  2.9%0.8%
  0.5%1.9%
  1.8%4.7%
  0.5%1.9%
  2.6%7.6%
  0.0%0.1%
  2.4%4.2%
  6.6%9.3%
  9.4%14.0%
  0.0%2.1%
  3.7%7.0%
  4.2%4.8%
  6.3%4.7%
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