Royalton, MI is a small town located in the Midwest offering budget-friendly living with 2 bedroom rent averaging $1,020, which is significantly lower than the US average of $1,430. In addition to housing costs being lower than the national average, Royalton also offers a more affordable grocery cost index at 95 versus 100 in the US. The town has many local businesses that support its residents and visitors, such as Mason’s Auto Repair, which offers quality auto repair services for cars and trucks. Royalton Florist provides fresh flowers for special occasions as well as weekly floral arrangements for locals who enjoy having fresh flowers in their home or office. Cozy Comfort Heating & Cooling offers prompt HVAC services to keep everyone comfortable no matter what season it is outside.
Royalton has an unemployment rate of 5.8%. The US average is 6.0%.
Royalton has seen the job market increase by 0.1% 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 Royalton
- The Sales Tax Rate for Royalton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Royalton 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 Royalton
- The average income of a Royalton resident is $32,734 a year. The US average is $28,555 a year.
- The Median household income of a Royalton resident is $97,179 a year. The US average is $69,021 a year.