St. Charles, MI Economy


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St. Charles, MI is a charming small town in the Great Lakes State. It features many local attractions and businesses that make it an ideal place to live. Rent for a two bedroom apartment in St. Charles is much less expensive than the US average at only $870, making it an affordable place to call home. Grocery costs are also lower than the national average at 92 instead of 100. The town has several local businesses such as Prime Auto Sales & Service, R&R Meats, and Home Goods Store where residents can find items they need while supporting their community. Popular attractions include Community Park with its outdoor swimming pool, skate park, and picnic area; Lookout Mountain Nature Preserve which provides beautiful views of the area; and Red Arrow Golf Course which offers scenic public golfing.

St. Charles has an unemployment rate of 6.8%. The US average is 6.0%.

St. Charles 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 St. Charles
- The Sales Tax Rate for St. Charles is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Charles 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 St. Charles
- The average income of a St. Charles resident is $21,820 a year. The US average is $28,555 a year.
- The Median household income of a St. Charles resident is $62,963 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Charles, MichiganUnited States
  6.86
  -7.7%-6.2%
  22.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $29,596$37,638
  $62,963$69,021
  $65,905$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  2.7%6.8%
  21.5%10.0%
  0.0%2.5%
  7.1%11.0%
  7.5%4.8%
  0.7%0.8%
  0.7%1.9%
  3.0%4.7%
  1.4%1.9%
  4.5%7.6%
  0.0%0.1%
  2.2%4.2%
  6.1%9.3%
  21.1%14.0%
  0.3%2.1%
  4.5%7.0%
  9.9%4.8%
  6.3%4.7%
Reviews for St. Charles
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Over 18 years ago

I moved here from a large city, Grand Rapids, in 1972. I taught there for 32 years, retired, and now substitute and tutor. It was a culture shock at first, but I have  More

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