Muskegon, MI Metro Area is an ideal place to live, work, and raise a family. The average rent for a two-bedroom apartment is $990 per month, making it more affordable than the national average of $1,430. Additionally, the Grocery Cost Index in Muskegon is 94 compared to 100 in the US. This means groceries are relatively cheaper in this area. \nThe area is home to many well known companies like Haworth Inc., Gerber Products Company and L3 Technologies. It also offers employment opportunities in healthcare, hospitality and education industries. The city boasts a thriving business atmosphere with high levels of economic stability. \nLiving in Muskegon provides residents with many advantages such as access to excellent healthcare facilities, abundant recreational activities including its beautiful lake-side views and close proximity to major metropolitan areas like Grand Rapids and Detroit. The low cost of living combined with the safe neighborhoods make it an attractive option for families seeking a new home town.
Muskegon Metro Area has an unemployment rate of 7.5%. The US average is 6.0%.
Muskegon Metro Area 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 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Muskegon Metro Area
- The Sales Tax Rate for Muskegon Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Muskegon Metro Area is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Muskegon Metro Area
- The average income of a Muskegon Metro Area resident is $21,037 a year. The US average is $28,555 a year.
- The Median household income of a Muskegon Metro Area resident is $57,047 a year. The US average is $69,021 a year.