Sharon, MI is a small town in Michigan with a population of around 1,000 people. It is conveniently located near the city of Lansing and offers easy access to amenities such as schools, restaurants, entertainment venues and more. The cost of living in Sharon is relatively low compared to other places in Michigan; for example, the two bedroom rent rate is $1,140 compared to the US average which is $1,430. Additionally, the grocery cost index in Sharon is 98 versus 100 in the US which further highlights Sharon's affordability. Living in Sharon also provides close proximity to major companies such as General Motors and AT&T that are located nearby. Moreover, there are several local businesses such as Continental Automotive Systems Inc., Rotary Corporation and Wacker Chemie AG that offer employment opportunities for residents.
Sharon has an unemployment rate of 4.3%. The US average is 6.0%.
Sharon has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Sharon
- The Sales Tax Rate for Sharon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sharon 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 Sharon
- The average income of a Sharon resident is $32,709 a year. The US average is $28,555 a year.
- The Median household income of a Sharon resident is $91,923 a year. The US average is $69,021 a year.