Spaulding, MI is a small town located in Michigan with many local businesses to meet residents' needs. Local companies include Spaulding Grocery, Spaulding Pharmacy, and Sue's Diner. The cost of living in Spaulding is lower than the US average, with 2 bedroom rent being $880 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Spaulding is 88 out of 100 compared to the national average. All together, this makes Spaulding an affordable place to live with accessible amenities that are convenient and budget-friendly for its residents.
Spaulding has an unemployment rate of 6.8%. The US average is 6.0%.
Spaulding 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 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Spaulding
- The Sales Tax Rate for Spaulding is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spaulding 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 Spaulding
- The average income of a Spaulding resident is $20,137 a year. The US average is $28,555 a year.
- The Median household income of a Spaulding resident is $57,333 a year. The US average is $69,021 a year.