Emerson, MI is a small town located in Michigan. It is home to some local businesses that provide services for the community such as Emerson Automotive, Emerson Logistics, and Emerson Dental Clinic. Residents enjoy access to affordable rent prices with a two bedroom apartment costing only $840 compared to the US average of $1,430. Groceries also tend to be cheaper where the grocery cost index in Emerson is 90 compared to 100 nationally. All these factors give Emerson an overall cost of living index that is lower than the national average.
Emerson has an unemployment rate of 5.6%. The US average is 6.0%.
Emerson has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Emerson
- The Sales Tax Rate for Emerson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Emerson 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 Emerson
- The average income of a Emerson resident is $23,327 a year. The US average is $28,555 a year.
- The Median household income of a Emerson resident is $58,250 a year. The US average is $69,021 a year.