Joyfield, MI is an affordable area for renters with a median two bedroom rent of $1,000 compared to the US median of $1,430. With regards to groceries, the cost index in Joyfield is 93 compared to the national average of 100. It is home to a wide variety of companies such as Raleway Carpentry and Repair Services, Joyfield Graphics Agency, The Funky Factory LLC, and Bradford's Home Improvements. All these companies offer unique services that help contribute to the local economy and make living in Joyfield even more desirable.
Joyfield has an unemployment rate of 6.9%. The US average is 6.0%.
Joyfield 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 Joyfield
- The Sales Tax Rate for Joyfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Joyfield 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 Joyfield
- The average income of a Joyfield resident is $23,234 a year. The US average is $37,638 a year.
- The Median household income of a Joyfield resident is $44,028 a year. The US average is $69,021 a year.