Gore, Michigan is a small town located in the U.S state of Michigan, with a cost of living that is significantly lower than the national average. This is evidenced by the fact that an average two bedroom apartment rental in Gore costs $810, while the US average two bedroom rental costs $1,430. Additionally, the Grocery Cost Index in Gore comes to 90 compared to 100 at the national level.
In terms of economic stability and growth, there are numerous local companies that are contributing to this effort such as Cornerstone Glass and Mirror Inc., Sharon Builders LLC and Detzel Building Technologies. These businesses are providing employment opportunities for residents and helping boost economic activity in Gore and its surrounding areas.
The information provided gives an indication of Gore's low cost of living compared to other parts of the US. This includes rent cost and grocery prices which are significantly lower than those found outside of Gore. Furthermore, there are multiple local businesses operating within Gore which are aiding economic development in the region.
Gore has an unemployment rate of 5.7%. The US average is 6.0%.
Gore has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.
Tax Rates for Gore
- The Sales Tax Rate for Gore is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gore 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 Gore
- The average income of a Gore resident is $23,384 a year. The US average is $28,555 a year.
- The Median household income of a Gore resident is $52,083 a year. The US average is $69,021 a year.