Morrice, MI is a small town located in Shiawassee County. It is located in the southern part of Michigan. The city is known for its rural charm as well as its close proximity to larger cities like Lansing and Flint. Residents of Morrice enjoy a lower cost of living than many other areas of Michigan, with an average 2 bedroom rental cost of $990 compared to $1,430 nationally. Additionally, groceries are more affordable in Morrice than in most other places with a grocery cost index score of 94 versus 100 across the US. In terms of local economy, the town has several businesses such as Morrice Market, Morrice Diner, Ace Hardware Store, and Washtenaw Dairy Farm. Overall, living in Morrice can be quite economical; residents benefit from lower rental costs and grocery prices compared to national averages.
Morrice has an unemployment rate of 5.6%. The US average is 6.0%.
Morrice 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 Morrice
- The Sales Tax Rate for Morrice is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Morrice 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 Morrice
- The average income of a Morrice resident is $22,490 a year. The US average is $37,638 a year.
- The Median household income of a Morrice resident is $56,406 a year. The US average is $69,021 a year.