Thornapple, MI is a beautiful small town with a population of about 3,000 people. It's known for its quaint downtown area that offers a variety of amenities such as specialty shops, restaurants, and local businesses. The cost of living in Thornapple is quite reasonable. For instance, the average rent for a two-bedroom apartment is just $1,210 while the US average is $1,430. Additionally, its Grocery Cost Index is 97 versus 100 in the US. Major companies located in Thornapple include Spartan Motors Inc., Corning Inc., and Perrigo Company plc. With these great benefits coupled with the low cost of living, residents can enjoy all that Thornapple has to offer without breaking the bank.
Thornapple has an unemployment rate of 4.9%. The US average is 6.0%.
Thornapple has seen the job market decrease by -6.0% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.
Tax Rates for Thornapple
- The Sales Tax Rate for Thornapple is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Thornapple 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 Thornapple
- The average income of a Thornapple resident is $33,732 a year. The US average is $37,638 a year.
- The Median household income of a Thornapple resident is $83,582 a year. The US average is $69,021 a year.