Hardwood Acres, MI is a small town located in the northern part of the state. The community is known for its quaint atmosphere and tight-knit locals. Families opt to move here due to its low cost of living and an array of local amenities. Rent on two bedrooms can range from $1000 to $1430 depending on the region. The local Grocery Cost Index in Hardwood Acres is 95 versus 100 in the US. Popular companies in Hardwood Acres include Cedar Creek Industries, which manufactures custom cabinetry, and Conner Marine who specialize in boat repair services. For dining options, locals enjoy long-time favorites like Mama’s Diner and Frankie’s Café. Nearby landmarks include Greystone Park, featuring hiking trails and a waterfront lake with picturesque views of the area. With its affordable rents and charming amenities, it’s easy to see why Hardwood Acres remains a desirable place to live.
Hardwood Acres has an unemployment rate of 6.9%. The US average is 6.0%.
Hardwood Acres has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Hardwood Acres
- The Sales Tax Rate for Hardwood Acres is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hardwood Acres 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 Hardwood Acres
- The average income of a Hardwood Acres resident is $17,986 a year. The US average is $28,555 a year.
- The Median household income of a Hardwood Acres resident is $98,079 a year. The US average is $69,021 a year.