Niles-Benton Harbor, MI Metro Area is an attractive place to live due to its affordable cost of living. The area has a two bedroom rent rate of $960, which is significantly lower than the US average of $1,430. Furthermore, the Grocery Cost Index in Niles-Benton Harbor, MI Metro Area is 94 versus 100 in the US. This makes it an ideal location for those looking to save money. Within Niles-Benton Harbor, MI Metro Area there are plenty of local companies such as McDonald's Corporation, Whirlpool Corporation and Meijer Inc., offering job opportunities for new residents. Additionally, there are also plenty of other retailers and restaurants in the area providing a great range of services and amenities to its inhabitants.
Niles Metro Area has an unemployment rate of 5.8%. The US average is 6.0%.
Niles Metro Area has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Niles Metro Area
- The Sales Tax Rate for Niles Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Niles 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 Niles Metro Area
- The average income of a Niles Metro Area resident is $33,434 a year. The US average is $37,638 a year.
- The Median household income of a Niles Metro Area resident is $55,893 a year. The US average is $69,021 a year.