Spring Arbor, MI is a charming town located in the state of Michigan. The rent for two bedrooms is considerably lower than the US average, making it an affordable place to live and work. Grocery Cost Index in Spring Arbor is also lower than the US average, offering great value for money when it comes to food shopping. There are many local companies in Spring Arbor that offer great job opportunities such as Spring Arbor University, Crossroads Industries, and Great Lakes Fillet Company. Shopping options include Target, Walmart Supercenter and 99 Cents Only Stores. The local restaurants are known for their delicious and fresh cuisine. Overall, Spring Arbor is a great city to live and work in with lots of opportunities at great value prices!
Spring Arbor has an unemployment rate of 5.9%. The US average is 6.0%.
Spring Arbor has seen the job market decrease by -6.3% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Spring Arbor
- The Sales Tax Rate for Spring Arbor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Arbor 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 Spring Arbor
- The average income of a Spring Arbor resident is $23,277 a year. The US average is $37,638 a year.
- The Median household income of a Spring Arbor resident is $71,563 a year. The US average is $69,021 a year.