Vanderbilt, MI is a vibrant town situated in the northwest of Michigan. It has a population of around 2,100 people. The cost of living in Vanderbilt is relatively low compared to national averages. The median rent for a two-bedroom apartment is $910, while the US average for such an apartment is $1,430. Additionally, the grocery cost index in Vanderbilt is 89 as opposed to 100 in the United States.
Vanderbilt offers many local companies and amenities; some of these include B&K Supermarket, Carl's Brew Pub & Eatery, and Family Dollar Store. There are many outdoor activities in Vanderbilt such as camping, fishing and biking trails with scenic views along Otter Lake and nearby Clear Lake. The town also hosts community events like their annual Fourth of July fireworks show. All these features make Vanderbilt an attractive place to live for families or those looking for a quiet getaway.
Vanderbilt has an unemployment rate of 6.9%. The US average is 6.0%.
Vanderbilt has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Vanderbilt
- The Sales Tax Rate for Vanderbilt is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vanderbilt 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 Vanderbilt
- The average income of a Vanderbilt resident is $14,876 a year. The US average is $28,555 a year.
- The Median household income of a Vanderbilt resident is $38,750 a year. The US average is $69,021 a year.