Niles, Michigan is a small city located in southwest Michigan. It is known for its quaint downtown area and local businesses. The cost of living in Niles is relatively low compared to the United States as a whole. For example, the average two bedroom rental price in Niles is $920 whereas the national average is $1,430. Additionally, the Grocery Cost Index in Niles is 90 versus 100 in the US. This means that on average groceries are 10% cheaper than they would be elsewhere in the US. \nSome of the more well-known companies based out of Niles include Curt Smith Auto Group and R & D Machine Incorporated. It also has plenty of small businesses operating throughout town such as Green Mountain Café or Pizza Vito which make it a great place to live or visit for some good food and retail therapy. Overall, Niles is an affordable city with lots to offer its residents and visitors alike.
Niles has an unemployment rate of 5.8%. The US average is 6.0%.
Niles has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Niles
- The Sales Tax Rate for Niles is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Niles 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 Niles
- The average income of a Niles resident is $17,259 a year. The US average is $28,555 a year.
- The Median household income of a Niles resident is $41,306 a year. The US average is $69,021 a year.