Slagle, MI Economy


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Slagle, MI is an attractive place to live for those looking for a lower cost of living. The average rent for a two-bedroom apartment in Slagle is $870, significantly cheaper than the national average of $1,430. Food costs are also cheaper in Slagle, with a grocery cost index of 88 as compared to the US average of 100. Local businesses include The Country Store, a family-run convenience store offering fresh produce and other groceries, and Lehman's Garage which provides auto repairs and services.

Slagle has an unemployment rate of 6.2%. The US average is 6.0%.

Slagle has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Slagle
- The Sales Tax Rate for Slagle is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Slagle 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 Slagle
- The average income of a Slagle resident is $24,910 a year. The US average is $37,638 a year.
- The Median household income of a Slagle resident is $40,521 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySlagle, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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