Mendon, MI is a small town located in southeastern Michigan. It is within driving distance to major cities such as Detroit and Kalamazoo. The town has an affordable cost of living, with two bedroom rents averaging at $1,030 compared to the US average rent of $1,430. Grocery costs are also lower than national averages, with a grocery cost index of 93 versus 100 in the US. Mendon's proximity to larger cities in the region make it attractive to potential residents looking for an affordable place to live. \nThe town is home to some local businesses such as Ermisch Farms Produce and Greenhouse, Yeo & Yeo CPAs & Business Consultants, and The Laundry Barn laundromat. With its close-knit community atmosphere and accessible price points for rental housing and groceries, Mendon is an ideal location for individuals or families looking for a quality place to call home.
Mendon has an unemployment rate of 4.9%. The US average is 6.0%.
Mendon 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 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Mendon
- The Sales Tax Rate for Mendon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mendon 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 Mendon
- The average income of a Mendon resident is $21,458 a year. The US average is $28,555 a year.
- The Median household income of a Mendon resident is $73,359 a year. The US average is $69,021 a year.