Hemlock, MI is a small town known for its low cost of living. The average rent for a two bedroom apartment is $870, which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Hemlock is 94 compared to 100 in the US. This makes it a great place for families or individuals looking to save money. There are many great local companies located in Hemlock like Hemlock Automotive Services and Supply, Crossroads Veterinary Clinic, and Lucky's General Store that offer quality services and goods to local residents.
Hemlock has an unemployment rate of 6.8%. The US average is 6.0%.
Hemlock has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Hemlock
- The Sales Tax Rate for Hemlock is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hemlock 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 Hemlock
- The average income of a Hemlock resident is $31,971 a year. The US average is $37,638 a year.
- The Median household income of a Hemlock resident is $54,167 a year. The US average is $69,021 a year.