Yale, MI is a small city located near the coast of Michigan. It has a population of around 2,000 people and is known for its friendly community. Yale is home to several local businesses such as Johnson's Hardware, The Swirl Shop Ice Cream Parlor, and Cornerstone Cellars Winery. The town also boasts some interesting attractions, such as the Yale Historical Museum and the Lansing Pond Nature Preserve. In terms of prices, rent for two bedroom apartments in Yale is relatively affordable at $1,010 per month compared to the US average of $1,430. Additionally, grocery costs are lower than the national average with an index of 93 versus 100 in the US.
Yale has an unemployment rate of 4.5%. The US average is 6.0%.
Yale has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Yale
- The Sales Tax Rate for Yale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Yale 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 Yale
- The average income of a Yale resident is $20,164 a year. The US average is $28,555 a year.
- The Median household income of a Yale resident is $45,013 a year. The US average is $69,021 a year.