Goodwell, MI is a small town with a friendly and welcoming atmosphere. With a low cost of living, the average two-bedroom rent in Goodwell is only $920 compared to the national average of $1,430. Grocery costs are also significantly lower here, with an index of 91 compared to the US average of 100. The city prides itself on its supportive community and local businesses such as Cornerstone Cafe and Bake Shop, Apple Valley Pizzeria & Subs, and Tom's Hardware & Appliance Store are all popular spots for both locals and visitors alike.
Goodwell has an unemployment rate of 6.0%. The US average is 6.0%.
Goodwell 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 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Goodwell
- The Sales Tax Rate for Goodwell is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Goodwell 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 Goodwell
- The average income of a Goodwell resident is $20,891 a year. The US average is $28,555 a year.
- The Median household income of a Goodwell resident is $58,000 a year. The US average is $69,021 a year.