Hopkins, MI is a small city located in the state of Michigan. It is home to several different local businesses, including Hopkins Auto Supply, King’s Market Grocery Store, and Hopkins Motors. The cost of living in Hopkins is quite low compared to other cities across the country. For example, the average cost for a 2 bedroom rental in the city is $950 a month while the national average for 2 bedroom rentals is $1,430. Additionally, the grocery cost index in Hopkins stands at 95 versus 100 nationally. Therefore, those looking for an affordable place to live should consider relocating to this quaint Michigan town!
Hopkins has an unemployment rate of 5.1%. The US average is 6.0%.
Hopkins has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Hopkins
- The Sales Tax Rate for Hopkins is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hopkins 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 Hopkins
- The average income of a Hopkins resident is $25,696 a year. The US average is $37,638 a year.
- The Median household income of a Hopkins resident is $67,639 a year. The US average is $69,021 a year.