Saginaw, MO is an attractive place to live with its low rental costs. The average cost of a two-bedroom rental in Saginaw is approximately $810 per month, which is significantly lower than the national average of $1,430. Grocery costs are also much lower in Saginaw; the local grocery cost index measures at 96 compared to the national average of 100. This makes Saginaw an ideal location for those looking to save on living expenses. \nSaginaw is home to several employers such as Agnesian HealthCare, Alliance Laundry Systems, and Gardner Denver Thomas Inc., giving locals many options when it comes to finding employment. There are also many shops and restaurants around town that provide plenty of recreational activities for residents to enjoy. All in all, Saginaw offers a great quality of life for people looking for a place with a lower cost of living.
Saginaw has an unemployment rate of 3.9%. The US average is 6.0%.
Saginaw 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 23.4%, which is lower than the US average of 33.5%.
Tax Rates for Saginaw
- The Sales Tax Rate for Saginaw is 5.4%. The US average is 7.3%.
- The Income Tax Rate for Saginaw is 5.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Saginaw
- The average income of a Saginaw resident is $24,991 a year. The US average is $28,555 a year.
- The Median household income of a Saginaw resident is $53,750 a year. The US average is $69,021 a year.