Stanton, MI is an affordable place to live. The average 2 bedroom rent is $910 compared to the US average of $1,430. This makes it an ideal area for those looking for an affordable place to call home. Grocery Cost Index in Stanton is 92 versus 100 in the US as well. There are many local businesses here that contribute to the economy such as Stanton Family Restaurant, Olney's Bar & Grill, Big Boy Restaurant, and Speedway Gas Station and Convenience Store. Additionally, Stanton has a population of 1,373 according to the 2010 census. With an increasing population rate of 3 percent since then, there's no shortage of people in Stanton who are happy with their hometown and its affordability!
Stanton has an unemployment rate of 5.8%. The US average is 6.0%.
Stanton has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Stanton
- The Sales Tax Rate for Stanton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stanton 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 Stanton
- The average income of a Stanton resident is $15,394 a year. The US average is $28,555 a year.
- The Median household income of a Stanton resident is $37,813 a year. The US average is $69,021 a year.