Merritt, MI (49667) is an affordable place to live and work. The average two-bedroom rent is only $900 per month while the US national average for a two-bedroom rental is $1,430 per month. Grocery costs in Merritt are also much lower than the US national index of 100, with a local grocery cost index of 90.
Local companies in Merritt that offer employment opportunities include J&L Steel Fab Inc., M&N Plastics Corporation, Holwerda Farms Inc., Merritt Country Store, and DNR Electric. J&L Steel Fab Inc. specializes in custom metal fabrication and light machine work. M&N Plastics Corporation provides injection molding services as well as product design and assembly services. Holwerda Farms Inc. produces hay, corn, soy beans, wheat and more for local markets as family farm since 1937. Merritt Country Store offers an assortment of specialty foods such as chocolates, cheeses and candies produced with homegrown ingredients from local farmers. Finally, DNR Electric offers residential electrical services such as wiring installation and repairs for homes in the region.
Merritt (zip 49667) has an unemployment rate of 6.2%. The US average is 6.0%.
Merritt (zip 49667) 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 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Merritt (zip 49667)
- The Sales Tax Rate for Merritt (zip 49667) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Merritt (zip 49667) 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 Merritt (zip 49667)
- The average income of a Merritt (zip 49667) resident is $26,168 a year. The US average is $28,555 a year.
- The Median household income of a Merritt (zip 49667) resident is $43,676 a year. The US average is $69,021 a year.