Shoreham Michigan is a great place to live due to its lower-than-average cost of living. The average 2 bedroom rent in Shoreham comes in at $1,030 less than the US average of $1,430. Other living costs, such as groceries, are also cheaper in Shoreham with an index rating of 95 versus 100 in other parts of the US. Local companies like Shoreham Grocery and Saba Electronics offer great products and services. For those looking for entertainment, there are plenty of attractions like The Grand Theater, which features both musicals and concerts. With its low cost of living and plethora of activities, Shoreham is a great place to call home.
Shoreham has an unemployment rate of 5.8%. The US average is 6.0%.
Shoreham 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 Shoreham
- The Sales Tax Rate for Shoreham is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Shoreham 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 Shoreham
- The average income of a Shoreham resident is $42,202 a year. The US average is $28,555 a year.
- The Median household income of a Shoreham resident is $90,500 a year. The US average is $69,021 a year.