Ford River, MI is a small town located in Michigan. The rent for 2-bedroom apartments is significantly lower than the national median, at $840 compared to $1,430. Additionally, the cost of living in Ford River is lower than the US average. The Grocery Cost Index in Ford River is 90 versus 100 in the US. This makes it an attractive option for those looking for an affordable place to live.
Ford River has a variety of local businesses that make up its economy; some notable ones include Ron's Auto Care Center, Lawrence's General Store, and Mountain View Landscaping Services. These prove that Ford River is a great place to live and work.
Ford River has an unemployment rate of 6.4%. The US average is 6.0%.
Ford River has seen the job market increase by 0.1% 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 Ford River
- The Sales Tax Rate for Ford River is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ford River 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 Ford River
- The average income of a Ford River resident is $23,568 a year. The US average is $28,555 a year.
- The Median household income of a Ford River resident is $61,522 a year. The US average is $69,021 a year.