Thomas, MI is an ideal place for those looking to live a less expensive and more relaxed lifestyle. The average 2 bedroom rental rate is $910 per month, which is much lower than the US average of $1,430. Additionally, the grocery cost index in Thomas is 93 compared to 100 in the US, making it an affordable town for those looking to save money on their grocery bill. Local businesses such as Biggies Grocery Store and Griffs Hardware provide many job opportunities for residents in the area. Popular recreational activities in Thomas include fishing at Lake Huron and exploring nearby Hoeft State Park.
Thomas has an unemployment rate of 6.8%. The US average is 6.0%.
Thomas 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 Thomas
- The Sales Tax Rate for Thomas is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Thomas 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 Thomas
- The average income of a Thomas resident is $30,815 a year. The US average is $28,555 a year.
- The Median household income of a Thomas resident is $71,507 a year. The US average is $69,021 a year.