Lennon, MI is a small town located in the great lakes region of Michigan. It is home to a variety of locally-owned businesses such as Lennon Market, Anderson's Bakery, and Bill's Barbecue. The cost of living in Lennon is significantly lower than the national average. For example, the rent for a two bedroom apartment in Lennon is $970, while the US average for a two bedroom apartment is $1,430; additionally, the grocery cost index in Lennon is 93 compared to 100 in the US. This makes it an ideal place for people looking to save money without sacrificing quality of life.
Lennon has an unemployment rate of 5.6%. The US average is 6.0%.
Lennon has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Lennon
- The Sales Tax Rate for Lennon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lennon 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 Lennon
- The average income of a Lennon resident is $25,189 a year. The US average is $37,638 a year.
- The Median household income of a Lennon resident is $54,375 a year. The US average is $69,021 a year.