Economy in Lansing, Michigan

Lansing, MI is a great place to live with plenty of opportunities and amenities. The 2 bedroom rent in Lansing is much lower than the national average, making it an ideal location for cost conscious individuals and families. In addition to being affordable, Lansing also boasts a strong economy due to companies like General Motors, Jackson National Life Insurance Company, Dart Container Corporation, and Neogen Corporation that provide jobs and other services. The grocery cost index in Lansing is also lower than the national average at 91 compared to 100. This makes it easy to find affordable food items at local stores. All in all, living in Lansing is an excellent choice for individuals looking for affordability without sacrificing quality of life.

Lansing has an unemployment rate of 7.4%. The US average is 6.0%.

Lansing has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.

Tax Rates for Lansing
- The Sales Tax Rate for Lansing is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lansing is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lansing
- The average income of a Lansing resident is $19,430 a year. The US average is $28,555 a year.
- The Median household income of a Lansing resident is $46,570 a year. The US average is $69,021 a year.