South Haven, MI is an idyllic destination located in Southwest Michigan. It’s a great place to live, offering affordable housing and a strong economy. The average two-bedroom rent for South Haven is $900, which is much lower than the US average of $1,430. Additionally, the grocery cost index in South Haven is 96 compared to 100 in the US. As such, it’s no surprise that many people choose to call South Haven home. There are numerous local companies operating in the city including Commercial Bank of South Haven, Industrial Tool Die and Engineering Company, Dowagiac Wood Products and West Shore Bank. These companies offer good career opportunities that are attractive to both residents and visitors alike.
South Haven has an unemployment rate of 6.6%. The US average is 6.0%.
South Haven has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for South Haven
- The Sales Tax Rate for South Haven is 6.0%. The US average is 7.3%.
- The Income Tax Rate for South Haven 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 South Haven
- The average income of a South Haven resident is $27,001 a year. The US average is $28,555 a year.
- The Median household income of a South Haven resident is $55,469 a year. The US average is $69,021 a year.