Overisel, MI is a great place to settle down and live life comfortably. The median 2 bedroom rent in Overisel is $1,040 which is much lower than the US median 2 bedroom rent of $1,430. Groceries are also much cheaper in Overisel with a grocery cost index of 96 compared to 100 in the US. The cost of living in Overisel is quite low making it an ideal place for those looking for a fresh start. Some notable companies located in Overisel are Meadows Dairy Products, Great Lakes Processing Inc., and Sysco Grand Rapids Inc. All three companies provide local employment opportunities and contribute to the growing economy of Overisel, MI.
Overisel has an unemployment rate of 5.1%. The US average is 6.0%.
Overisel has seen the job market decrease by -4.8% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Overisel
- The Sales Tax Rate for Overisel is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Overisel 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 Overisel
- The average income of a Overisel resident is $29,735 a year. The US average is $37,638 a year.
- The Median household income of a Overisel resident is $79,327 a year. The US average is $69,021 a year.