Moscow, MI is a small, charming town located in the state of Michigan. It's known for its affordable cost of living with 2 Bedroom Rent averaging around $1,020 per month versus $1,430 in the US. The Grocery Cost Index in Moscow is 94, showing it to be more affordable than the rest of the country.
Moscow is home to several local companies such as Russia Valley Greenhouse & Garden Center and Moscow Farm Market. Popular attractions include the Moscow Ballet's Great Russian Nutcracker performance, Michigan International Speedway which hosts NASCAR races throughout the year, and a variety of recreational activities like fishing at Lake Laingsburg or golfing at Red Cedar Golf Course.
Moscow has an unemployment rate of 5.4%. The US average is 6.0%.
Moscow has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.
Tax Rates for Moscow
- The Sales Tax Rate for Moscow is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Moscow 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 Moscow
- The average income of a Moscow resident is $17,978 a year. The US average is $28,555 a year.
- The Median household income of a Moscow resident is $51,705 a year. The US average is $69,021 a year.