Thompson, MI is a small city located in Michigan with a population of about 8,711 people. It is relatively affordable as 2 Bedroom Rent is $830 compared to the US average of $1,430. Additionally, grocery costs are lower with an index of 91 in Thompson versus 100 in the US on average. There are many local companies such as The Thompson Coffee Company offering delicious coffee drinks and pastries, Sunshine Video Services providing wedding videography services, and Small Town Fun providing family entertainment options. All together, Thompson is a great place to live with low living costs and plenty of amenities for residents to enjoy.
Thompson has an unemployment rate of 8.9%. The US average is 6.0%.
Thompson has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.
Tax Rates for Thompson
- The Sales Tax Rate for Thompson is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Thompson 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 Thompson
- The average income of a Thompson resident is $35,176 a year. The US average is $37,638 a year.
- The Median household income of a Thompson resident is $63,625 a year. The US average is $69,021 a year.