Onsted, MI is a small town located in Michigan with a population of over 2000 people. It's known for its affordable cost of living, with 2 bedroom rent averaging at only $890 compared to the US average of $1,430. The Grocery Cost Index is also lower in Onsted than the US average, being 95 versus 100. Onsted also has several local companies such as Charlesworth Farms and Baker’s Green Acres which both specialize in locally grown produce and goods. There are also several local restaurants including Big Boy’s Restaurant and Village Inn Pizza Parlor that offer delicious meals at an affordable price.
Onsted has an unemployment rate of 5.5%. The US average is 6.0%.
Onsted has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Onsted
- The Sales Tax Rate for Onsted is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Onsted 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 Onsted
- The average income of a Onsted resident is $27,137 a year. The US average is $37,638 a year.
- The Median household income of a Onsted resident is $58,060 a year. The US average is $69,021 a year.