Saginaw, MI Metro Area is an attractive and affordable place to live. Two bedroom rent is about $930 a month, which is lower than the US average of $1,430. Additionally, the grocery cost index in Saginaw is 92 compared to 100 in the US. Not only does this make living here more affordable but also allows for more money to be spent on local businesses and attractions. The area is home to many large companies such as Dow, Nexteer Automotive, Covenant Healthcare, and Meijer. Furthermore, there are dozens of smaller businesses that offer unique products and services to visitors and locals alike.
Saginaw Metro Area has an unemployment rate of 6.8%. The US average is 6.0%.
Saginaw Metro Area has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Saginaw Metro Area
- The Sales Tax Rate for Saginaw Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Saginaw Metro Area is 5.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Saginaw Metro Area
- The average income of a Saginaw Metro Area resident is $22,891 a year. The US average is $28,555 a year.
- The Median household income of a Saginaw Metro Area resident is $52,749 a year. The US average is $69,021 a year.