Imlay, MI is a small city located in northern Michigan. It is known for its agricultural and industrial heritage. In Imlay, you will find a variety of businesses ranging from locally owned restaurants to larger enterprises such as Agrochemical LLC. The cost of living in Imlay is also affordable compared to other cities in the US. The 2 bedroom rent prices are $1,020 which is significantly lower than the US average at $1,430 and the grocery cost index is 95 versus 100 in the US which shows that living in Imlay can offer economic benefits for those looking to save money. Additionally, due to its proximity to larger cities like Flint and Detroit, there are many employment opportunities available for those who live in Imlay.
Imlay has an unemployment rate of 4.9%. The US average is 6.0%.
Imlay has seen the job market decrease by -10.4% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Imlay
- The Sales Tax Rate for Imlay is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Imlay 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 Imlay
- The average income of a Imlay resident is $33,726 a year. The US average is $37,638 a year.
- The Median household income of a Imlay resident is $83,938 a year. The US average is $69,021 a year.