Grant, MI is a small town in the Midwestern United States located in Newaygo County. It is known for its beautiful countryside and close-knit community. The cost of living in Grant is much lower than the national average, with a 2 Bedroom rental costing $1,070 compared to the US average of $1,430. The Grocery Cost Index is also considerably lower at 93 compared to the US average of 100. Local companies include Grant Industrial Services, Town and Country Barbershop, and Grant Auto Parts. These businesses provide jobs for many local residents and are an important part of the community's economy.
Grant has an unemployment rate of 6.0%. The US average is 6.0%.
Grant 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 Grant
- The Sales Tax Rate for Grant is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grant 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 Grant
- The average income of a Grant resident is $17,085 a year. The US average is $28,555 a year.
- The Median household income of a Grant resident is $47,411 a year. The US average is $69,021 a year.