Paw Paw, MI is a small community situated in Van Buren County. Despite its size, it offers plenty of attractions and opportunities for residents. The cost of living is lower than the US average, with rent for a two bedroom apartment being approximately $860 while the same would cost around $1,430 in the United States. Grocery costs are also slightly lower compared to the national index at 94 versus 100.
The town’s economy is supported by several local companies such as D&I Manufacturing Company and Prince Automotive Group providing employment opportunities to many residents. Additionally, tourists are drawn to the area's natural beauty with attractions like Royalton Township Park and Van Buren Trail offering plenty of recreational activities including hiking and biking. Other popular activities include fishing on Paw Paw Lake or visiting historic buildings like the Riverwood Mansion that dates back to 1859. With its affordable living costs and plenty of activities to offer both locals and visitors alike, Paw Paw is a great place to live and visit!
Paw Paw has an unemployment rate of 6.6%. The US average is 6.0%.
Paw Paw has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Paw Paw
- The Sales Tax Rate for Paw Paw is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Paw Paw 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 Paw Paw
- The average income of a Paw Paw resident is $18,607 a year. The US average is $28,555 a year.
- The Median household income of a Paw Paw resident is $49,464 a year. The US average is $69,021 a year.