Pipestone, MI is a vibrant town located in the southwestern part of the state. The city offers affordable rent options with 2 bedroom units going for $990 per month compared to the US average of $1,430. Additionally, grocery costs in Pipestone are significantly lower than the national average as prices here index at 92 versus 100 across the US.
Local businesses and attractions include Stonemill Farms Golf Course for outdoor activity and entertainment, Pipestone Springs Fish Hatchery for recreational fun, and Pipestone Canyon Trail which provides stunning views of nature. As far as businesses go, locals can enjoy dining at one of many locally owned restaurants such as Wink’s Café or take care of errands at the family-run Wehking Hardware store.
Pipestone has an unemployment rate of 5.8%. The US average is 6.0%.
Pipestone has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Pipestone
- The Sales Tax Rate for Pipestone is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pipestone 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 Pipestone
- The average income of a Pipestone resident is $28,663 a year. The US average is $37,638 a year.
- The Median household income of a Pipestone resident is $60,750 a year. The US average is $69,021 a year.