Vernon, Michigan is a small town located in Shiawassee County. It is situated alongside the Shiawassee River and only a few miles away from the historic city of Owosso. The cost of living in Vernon is relatively low, with two bedroom rent costing $860 compared to the US average of $1,430. Additionally, the grocery cost index in Vernon is 92 compared to 100 in the US. As a result, Vernon has become an attractive destination for many families looking for an affordable place to live. Some of the local companies that call Vernon home include Edge Manufacturing Inc., Gomar Printing, and Communication Systems Inc. Despite its small size, Vernon offers plenty of activities for residents and visitors alike including nearby parks like Cole’s Hill Nature Area as well as numerous shops and restaurants along Main St.
Vernon has an unemployment rate of 5.6%. The US average is 6.0%.
Vernon has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Vernon
- The Sales Tax Rate for Vernon is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vernon 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 Vernon
- The average income of a Vernon resident is $31,053 a year. The US average is $37,638 a year.
- The Median household income of a Vernon resident is $66,500 a year. The US average is $69,021 a year.