Richland, MI is a small town located in Kalamazoo County. It has an estimated population of around 2,000 people according to the latest census numbers. Richland is home to various businesses like Jones Hardware Store, Richland Cinema, and K'zoo Wings. The cost of living in Richland is slightly lower than the US average as evidenced by the two bedroom rental rate of $970 which is about 33% below the national average of $1,430. Additionally, the Grocery Cost Index for Richland is 98 versus 100 on a national level indicating that groceries are cheaper in this city too. Thus, Richland offers great living options for those who are looking for an affordable place to live with plenty of job opportunities.
Richland has an unemployment rate of 5.1%. The US average is 6.0%.
Richland has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Richland
- The Sales Tax Rate for Richland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richland 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 Richland
- The average income of a Richland resident is $35,179 a year. The US average is $37,638 a year.
- The Median household income of a Richland resident is $73,438 a year. The US average is $69,021 a year.