Kasson, MI is a small city located in rural Michigan. The cost of living is generally more affordable than the US average, with 2 bedroom rent coming in at $1,060 compared to the US average of $1,430. Additionally, grocery costs are cheaper as indicated by a Grocery Cost Index of 98 against the national average of 100. There are several local companies in Kasson that provide services and employment to the citizens. These include Infinity Machine & Engineering Inc., Lomar Machine and Tool Company, Wolverine Manufacturing and Retail Services, Inc., and Kasson Fabrication Solutions.
Kasson has an unemployment rate of 6.1%. The US average is 6.0%.
Kasson has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Kasson
- The Sales Tax Rate for Kasson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Kasson 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 Kasson
- The average income of a Kasson resident is $24,325 a year. The US average is $28,555 a year.
- The Median household income of a Kasson resident is $62,813 a year. The US average is $69,021 a year.