Tustin, MI Economy


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United States / Michigan / No Metro Area / Osceola County / Tustin / Zip Codes
Tustin, MI is a small town located in the Midwest region of the United States. It features a wide range of local businesses such as grocery stores, restaurants, banks, auto dealerships, and medical services. The cost of living in Tustin is much lower than the US average for many expenses. For example, 2 bedroom rent in Tustin is just $800 compared to $1430 across the US. Additionally, groceries are also cheaper with a Grocery Cost Index score of 92 compared to 100 nationwide. This makes Tustin an attractive option for those looking for an affordable place to live without sacrificing quality services and amenities.

Tustin has an unemployment rate of 5.8%. The US average is 6.0%.

Tustin has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.

Tax Rates for Tustin
- The Sales Tax Rate for Tustin is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Tustin 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 Tustin
- The average income of a Tustin resident is $16,947 a year. The US average is $28,555 a year.
- The Median household income of a Tustin resident is $38,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTustin, MichiganUnited States
  5.86
  -1.7%-6.2%
  37.1%33.5%
  6.0%6.2%
  4.3%4.6%
  $19,912$37,638
  $38,750$69,021
  $58,750$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  6.2%6.8%
  35.1%10.0%
  3.1%2.5%
  12.4%11.0%
  3.1%4.8%
  0.0%0.8%
  1.0%1.9%
  0.0%4.7%
  2.1%1.9%
  2.1%7.6%
  0.0%0.1%
  1.0%4.2%
  4.1%9.3%
  15.5%14.0%
  3.1%2.1%
  3.1%7.0%
  4.1%4.8%
  4.1%4.7%
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