Jennings, MI is a small town located in the Midwestern United States. It has a population of about 8,000 people and is known for its affordability and quality of life. The average two-bedroom rent in Jennings, MI is $870 compared to the US average of $1,430. This makes it an attractive option for those seeking affordable rental housing. Additionally, Jennings has a grocery cost index of 91 versus 100 in the US, making groceries more affordable as well.
The local economy of Jennings is supported by several businesses such as Jennings Building Supply and JJ's Tires & Auto Repair. There are also several restaurants, shops, and other services in Jennings that add to the local economy. The cost of living in Jennings is lower than many surrounding areas due to its low rents and groceries costs. Therefore, those looking for an affordable place to live should consider making Jennings their home.
Jennings has an unemployment rate of 6.2%. The US average is 6.0%.
Jennings has seen the job market decrease by -4.9% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Jennings
- The Sales Tax Rate for Jennings is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Jennings 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 Jennings
- The average income of a Jennings resident is $15,956 a year. The US average is $37,638 a year.
- The Median household income of a Jennings resident is $36,944 a year. The US average is $69,021 a year.