Niles, Michigan (49120) is an attractive place to live due to its low rent prices. The 2 bedroom rent in Niles is $890, much lower than the US average at $1,430. Residents can also benefit from a lower grocery cost index than the national average – 90 versus 100. In addition to these fiscal advantages, there are numerous local businesses that make living in Niles enjoyable. Local companies include popular restaurants like China Star and Juan & Maria’s Empanada Stop, as well as retail stores like Family Dollar and Kohl’s. With its economical housing and various businesses, Niles is a great place to call home!
Niles (zip 49120) has an unemployment rate of 5.8%. The US average is 6.0%.
Niles (zip 49120) 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 (zip 49120)
- The Sales Tax Rate for Niles (zip 49120) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Niles (zip 49120) 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 (zip 49120)
- The average income of a Niles (zip 49120) resident is $31,684 a year. The US average is $37,638 a year.
- The Median household income of a Niles (zip 49120) resident is $55,905 a year. The US average is $69,021 a year.