Coldwater, MI Metro Area is a great place to live with a vibrant economy. The area has several large companies that offer excellent job opportunities for its residents, such as Denso Manufacturing, Kirsch Company, DeRoyal Industries, and Coldwater Board of Public Utilities. The 2 bedroom rent in the metro area is much lower than the US average at $830 compared to $1,430 respectively. Furthermore, the Grocery Cost Index in Coldwater, MI Metro Area is 92 which is 8 points below the national average of 100. All these factors make Coldwater Metro Area an attractive destination to live and work in Michigan.
Coldwater Metro Area has an unemployment rate of 5.0%. The US average is 6.0%.
Coldwater Metro Area 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 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Coldwater Metro Area
- The Sales Tax Rate for Coldwater Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coldwater Metro Area 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 Coldwater Metro Area
- The average income of a Coldwater Metro Area resident is $20,823 a year. The US average is $28,555 a year.
- The Median household income of a Coldwater Metro Area resident is $56,077 a year. The US average is $69,021 a year.