Springville, MI is a small town located in Michigan with many local businesses to explore. The average rent for two bedrooms in Springville is $850, which is lower than the US average of $1 430. The Grocery Cost Index in Springville is also lower than in the US, with the former's cost index being 90 versus 100 in the US. Some local companies that can be found in Springville are Hillside Automotive, Grill Parlor Cafe, and Eric’s Electronics Repair.
Springville has an unemployment rate of 6.2%. The US average is 6.0%.
Springville 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 Springville
- The Sales Tax Rate for Springville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Springville 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 Springville
- The average income of a Springville resident is $19,407 a year. The US average is $37,638 a year.
- The Median household income of a Springville resident is $41,875 a year. The US average is $69,021 a year.