Leoni, MI is a small city located in the state of Michigan. It has a population of around 5,000 people and is known for its peaceful atmosphere and low cost of living. The average rent for a two-bedroom apartment in Leoni is just $980 compared to the national average of $1,430. Additionally, the grocery cost index in Leoni is 94 as opposed to 100 nationally. This makes it both financially and emotionally attractive for those looking for an affordable place to live.
The business climate in Leoni is quite diverse with many local companies such as the Sue's Coffee House, Lark's Clothing Store, Wynn Automotive Group, Cornerstone Family Restaurant and several others providing services to locals and visitors alike. All these businesses contribute significantly to the thriving economy of Leoni and provide employment opportunities for its citizens. Moreover, with its serene environment and low cost of living, Leoni proves to be an ideal spot for those seeking an affordable yet peaceful living environment.
Leoni has an unemployment rate of 5.9%. The US average is 6.0%.
Leoni has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Leoni
- The Sales Tax Rate for Leoni is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Leoni 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 Leoni
- The average income of a Leoni resident is $21,782 a year. The US average is $28,555 a year.
- The Median household income of a Leoni resident is $59,622 a year. The US average is $69,021 a year.