Surrey, MI is a small town in Macomb County. It has a population of just over 5,000 people and continues to be an affordable place to live. The average rent for 2 bedroom apartments is only $820 per month compared to the US average of $1,430 per month. Cost of groceries are also much lower in Surrey with a Grocery Cost Index of 91 versus 100 in the US.
There are many local companies in Surrey including Snyder Pharmacy, Maple Lane Farm Market and Merle's Auto Repair. There are also several restaurants and small businesses that contribute to the town's economy.
Overall, Surrey offers a low cost of living compared to other places in Michigan and across the United States, making it an attractive option for those looking for an affordable place to live.
Surrey has an unemployment rate of 8.1%. The US average is 6.0%.
Surrey has seen the job market decrease by -5.9% 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 Surrey
- The Sales Tax Rate for Surrey is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Surrey 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 Surrey
- The average income of a Surrey resident is $21,498 a year. The US average is $37,638 a year.
- The Median household income of a Surrey resident is $41,156 a year. The US average is $69,021 a year.