Tecumseh, MI is a beautiful small town in Michigan that offers peaceful living for its residents. This charming town is home to many businesses such as Watson Insurance Agency, Tecumseh TV & Appliance, and Colonial Lanes Bowling Center. With a variety of shops and restaurants also available in the area, there's something for everyone to enjoy. The cost of living in Tecumseh is quite affordable compared to US averages. For example, 2 bedroom rent is around $890 compared to $1,430 nationally and the Grocery Cost Index is 94 versus 100 in the US meaning groceries are relatively cheaper. This makes it an attractive option for those looking for a cheaper place to live with plenty of amenities.
Tecumseh has an unemployment rate of 5.5%. The US average is 6.0%.
Tecumseh has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Tecumseh
- The Sales Tax Rate for Tecumseh is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tecumseh 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 Tecumseh
- The average income of a Tecumseh resident is $25,568 a year. The US average is $28,555 a year.
- The Median household income of a Tecumseh resident is $60,728 a year. The US average is $69,021 a year.