The city of Vernon, Michigan is an ideal place to live with its low cost of living. The average two bedroom rental rate in this area is only $850, far less than the national average of $1,430. Grocery costs in the area are also considerably lower than the national index, coming in at 92 versus 100. This makes it possible for people to save money while still enjoying the many amenities the city has to offer.
Vernon is home to several local businesses such as The Flower Barn which specializes in fresh floral arrangements for any occasion and Smith’s Supermarket which offers a wide selection of groceries and household items. There are also plenty of popular destinations to explore such as The Bunker Hill Nature Center where visitors can enjoy trails and educational opportunities or the Huron-Clinton Metroparks system with its many parks and recreational activities.
Vernon (zip 48476) has an unemployment rate of 5.6%. The US average is 6.0%.
Vernon (zip 48476) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Vernon (zip 48476)
- The Sales Tax Rate for Vernon (zip 48476) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vernon (zip 48476) 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 Vernon (zip 48476)
- The average income of a Vernon (zip 48476) resident is $21,777 a year. The US average is $28,555 a year.
- The Median household income of a Vernon (zip 48476) resident is $67,250 a year. The US average is $69,021 a year.