Odessa, MI is a small town located in the southeastern region of Michigan with a population of 6,582. It has a very low cost of living compared to other areas in the US, as evidenced by the 2 bedroom rent being only $970 and the grocery cost index being 93 versus 100 in the US. The town hosts many local companies such as Applewood Nursery & Landscaping, Mockingbird Manor, and A&W World. These businesses provide employment opportunities for the residents of Odessa and have helped shape the community into an enjoyable place to live.
Odessa has an unemployment rate of 4.7%. The US average is 6.0%.
Odessa has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Odessa
- The Sales Tax Rate for Odessa is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Odessa 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 Odessa
- The average income of a Odessa resident is $30,463 a year. The US average is $37,638 a year.
- The Median household income of a Odessa resident is $72,225 a year. The US average is $69,021 a year.