Reynolds, MI is a small town with a population of around 6,000 people. The cost of living here is quite low with 2 bedroom rental prices averaging $1,040 compared to the national average of $1,430. Grocery costs in Reynolds are also lower than the US average index rating 93 versus 100. Local companies include Abie's Pizza & Subs, Inc., Reynolds True Value Hardware, and Reynolds Automotive Repair Co. All three companies provide excellent services to the community and help keep costs low for residents. Overall, living in Reynolds has its advantages—low rent prices and cost of groceries—which makes it an attractive place to live for those looking for an affordable lifestyle.
Reynolds has an unemployment rate of 5.8%. The US average is 6.0%.
Reynolds has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Reynolds
- The Sales Tax Rate for Reynolds is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reynolds 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 Reynolds
- The average income of a Reynolds resident is $19,011 a year. The US average is $28,555 a year.
- The Median household income of a Reynolds resident is $59,803 a year. The US average is $69,021 a year.