Novesta, MI is a great city for those looking to save money on housing. With an average two-bedroom rent of $820, it is substantially lower than the national average of $1,430. Additionally, Novesta has a grocery cost index of 89 versus 100 in the US which further contributes to its affordability. This makes Novesta a great place for families looking to reduce everyday expenses. The area also contains numerous local companies such as Fox Printing & Design, The Fun Spot Playground Equipment Co., and Timeless Treasures Flowers and Gifts that provide quality goods and services for its community. In comparison to other cities throughout the United States, Novesta offers an unbeatable price for rent while providing its citizens with many resources they need.
Novesta has an unemployment rate of 6.3%. The US average is 6.0%.
Novesta has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Novesta
- The Sales Tax Rate for Novesta is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Novesta 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 Novesta
- The average income of a Novesta resident is $21,572 a year. The US average is $28,555 a year.
- The Median household income of a Novesta resident is $52,697 a year. The US average is $69,021 a year.