Leonard, MI is a small town in Oakland County with a population of 3,708 according to the 2010 US Census. The 2 bedroom rent in Leonard, MI is reasonably priced at $1,380 compared to the national average of $1,430. In addition, Leonard’s Grocery Cost Index is 101 compared to 100 in the US, making it slightly more affordable than other areas. Local employers include Carleton Farms Market & Greenhouse and Diversified Automotive Services Inc., offering jobs in retail and automotive industries respectively. In general, Leonard offers a relatively cost-effective lifestyle when compared to other parts of the United States.
Leonard has an unemployment rate of 3.5%. The US average is 6.0%.
Leonard has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Leonard
- The Sales Tax Rate for Leonard is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Leonard 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 Leonard
- The average income of a Leonard resident is $35,890 a year. The US average is $37,638 a year.
- The Median household income of a Leonard resident is $61,477 a year. The US average is $69,021 a year.