Laird, MI Economy


Reviews



Download our custom City Report to see exclusive
data on cost of living, crime, climate, and more.
Laird, MI is a small village located in the state of Michigan. With an estimated population of 300 people, Laird is a quiet and pleasant place to live. The cost of living in Laird is comparatively lower than most places in the US; 2-bedroom rent averages $840/month while the US average is $1,430/month. The grocery cost index in Laird is 91 versus 100 in the US. Laird offers its citizens access to amenities like banking services from KLK Community Credit Union, medical facilities from Martin Medical Group, and retail stores like Tawas City Mall. According to data from the U.S Census Bureau, the median household income for Laird was $41,867 in 2019.

Laird has an unemployment rate of 5.4%. The US average is 6.0%.

Laird has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Laird
- The Sales Tax Rate for Laird is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Laird 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 Laird
- The average income of a Laird resident is $20,379 a year. The US average is $28,555 a year.
- The Median household income of a Laird resident is $47,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLaird, MichiganUnited States
  5.46
  -4.5%-6.2%
  23.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $23,495$37,638
  $47,000$69,021
  $61,607$85,028
  Population by Occupation
  5.5%1.2%
  0.0%0.5%
  25.2%6.8%
  14.2%10.0%
  0.0%2.5%
  7.9%11.0%
  1.6%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  2.4%4.2%
  15.0%9.3%
  21.3%14.0%
  0.0%2.1%
  0.0%7.0%
  3.2%4.8%
  3.9%4.7%
Health
Compare Laird, MI
cost of living
Compare food, housing, utilities, and more in Laird, Michigan to any other city in the US.