Ridgeway, MI is a small town located in the United States that offers an affordable cost of living. The average two-bedroom rent in Ridgeway is only $1,050 compared to $1,430 elsewhere in the US. Similarly, groceries are also more affordable at a Grocery Cost Index of 94 versus 100 in the US. Various local companies have helped to keep costs down for residents, such as Smiths Appliances, Ridgeway Auto Repair and Joe's Hardware Store. These businesses are essential to maintaining the low cost of living for those who call Ridgeway home.
Ridgeway has an unemployment rate of 5.5%. The US average is 6.0%.
Ridgeway 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 Ridgeway
- The Sales Tax Rate for Ridgeway is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ridgeway 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 Ridgeway
- The average income of a Ridgeway resident is $29,736 a year. The US average is $37,638 a year.
- The Median household income of a Ridgeway resident is $64,250 a year. The US average is $69,021 a year.