Oden, MI is a small town nestled in Michigan’s lower peninsula. Thanks to its affordable cost of living, including 2 bedroom rent for $970 compared to the US average of $1,430, it has become an attractive option for those looking to settle down. Groceries also cost significantly less than other places in the US with an index of 91 compared to 100.
The town offers its residents plenty of activities and amenities. Local companies include Oden Ink Screen Printing, Lake Street Design Co., and The Garage Bar & Grill. Popular attractions include the Oden State Park that features a beautiful lake and close proximity to the Tippy Dam Recreation Area. In addition, there are numerous outdoor activities available such as hiking trails, fishing spots, camping grounds and more!
Oden has an unemployment rate of 7.5%. The US average is 6.0%.
Oden has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Oden
- The Sales Tax Rate for Oden is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oden 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 Oden
- The average income of a Oden resident is $19,875 a year. The US average is $28,555 a year.
- The Median household income of a Oden resident is $44,792 a year. The US average is $69,021 a year.