St. Joseph, MI Economy


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St. Joseph, MI is an attractive place to live due to its low cost of living. The average 2 Bedroom Rent in St. Joseph is $1,030 per month compared to $1,430 in the US which makes it much more affordable for many people. Additionally, the Grocery Cost Index in St. Joseph is 95 compared to 100 in the US making it even more economical. There are many local companies located in St. Joseph that offer long-term job opportunities such as Meijer, Whirlpool Corporation, and The Associated Milk Producers Inc., creating countless employment options for residents. It also boasts a wide variety of recreational activities such as hiking trails and beaches along Lake Michigan that make it an ideal place for families who want to spend quality time together outdoors. All these factors make St. Joseph a great place to live for those looking for an affordable lifestyle while still having access to all the amenities they need.

St. Joseph has an unemployment rate of 5.8%. The US average is 6.0%.

St. Joseph has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.

Tax Rates for St. Joseph
- The Sales Tax Rate for St. Joseph is 6.0%. The US average is 7.3%.
- The Income Tax Rate for St. Joseph 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. Joseph
- The average income of a St. Joseph resident is $34,985 a year. The US average is $28,555 a year.
- The Median household income of a St. Joseph resident is $62,156 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySt. Joseph, MichiganUnited States
  5.86
  -6.5%-6.2%
  25.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $48,480$37,638
  $62,156$69,021
  $109,740$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  1.7%6.8%
  27.9%10.0%
  1.3%2.5%
  11.5%11.0%
  0.6%4.8%
  3.1%0.8%
  2.3%1.9%
  5.5%4.7%
  2.5%1.9%
  6.4%7.6%
  0.7%0.1%
  0.7%4.2%
  8.2%9.3%
  11.4%14.0%
  2.3%2.1%
  7.3%7.0%
  4.0%4.8%
  2.6%4.7%
Reviews for St. Joseph
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I felt compelled to leave a comment because other young professionals have left words of St. Joe being boring, etc. I agree that St. Joe is not a great place for  More

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St. Joseph's location on Lake Michigan makes it a popular resort destination. The city is host to a number of festivals throughout the year, summer concerts by the river  More

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St. Joseph is like a little lost treasure on the west side of Michigan. Located near Lake Michigan, it's a town that has a wonderful mixture of rural and urban so you  More

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