Yankee Springs, MI is a small town located in the southern part of Michigan. It is attractive to those looking for inexpensive living as it has a lower than average rent compared to the broader United States. Specifically, 2 bedroom rent in Yankee Springs is $1,150 versus $1,430 on average across the entire country. Similarly, grocery costs are about 4% less expensive with an index of 96 against 100 in the US.
The town of Yankee Springs is home to a variety of businesses such as Amble INN Restaurant & Bar, Covert Auto Parts & Repair Inc., and YS Tire Pros & Automotive Services. Other local amenities include the historic Gun Lake Casino and Yankee Springs Golf Course.
Yankee Springs has an unemployment rate of 4.9%. The US average is 6.0%.
Yankee Springs 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 Yankee Springs
- The Sales Tax Rate for Yankee Springs is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Yankee Springs 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 Yankee Springs
- The average income of a Yankee Springs resident is $40,761 a year. The US average is $37,638 a year.
- The Median household income of a Yankee Springs resident is $78,295 a year. The US average is $69,021 a year.