Shepherd, MI is a small town located in Isabella County. It's home to various local companies that provide an array of services to the community. Two of the most notable businesses are Shepherd Auto Parts and Shepherd Tire Service, both of which offer automotive parts and repair services. For those looking for grocery needs, Shepherd Market carries a variety of products at competitive prices, as evidenced by its cost index which is lower than the US average. Additionally, rental costs are also more affordable than other cities across the country with 2 bedroom rents averaging $850 while the US average is $1,430. These areas serve as attractive features that make living in Shepherd, MI an attractive option for those looking for a comfortable life on a budget.
Shepherd has an unemployment rate of 5.5%. The US average is 6.0%.
Shepherd has seen the job market decrease by -9.2% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Shepherd
- The Sales Tax Rate for Shepherd is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shepherd 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 Shepherd
- The average income of a Shepherd resident is $24,889 a year. The US average is $37,638 a year.
- The Median household income of a Shepherd resident is $59,891 a year. The US average is $69,021 a year.