Raisin, MI is a small but vibrant town in the southern part Michigan. It has affordable living cost with two bedroom rent averaging at $920 which is much lower than the US average of $1430. The Grocery Cost Index of Raisin, MI is 93 compared to the US index of 100. This gives people more buying power when they shop for groceries in Raisin.
Raisin is home to many local companies such as California-based Sunview Raisin Co, Raisan Valley Farms, and Miller-Geil Farms that offers fresh fruits and produce from local farms. It also has a farmers market where locals gather every Saturday morning to buy farm fresh products directly from the source. There are also many attractions such as Cascades Park with a creek winding through it and two pavilions offering picnicking areas for family outings.
Raisin has an unemployment rate of 5.5%. The US average is 6.0%.
Raisin 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 Raisin
- The Sales Tax Rate for Raisin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Raisin 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 Raisin
- The average income of a Raisin resident is $29,720 a year. The US average is $37,638 a year.
- The Median household income of a Raisin resident is $79,812 a year. The US average is $69,021 a year.