Vanderbilt, MI is an excellent place to live for those looking for an affordable lifestyle with plenty of jobs nearby. The average 2 bedroom rent in Vanderbilt is much lower than the national average at $900 compared to $1,430, making it a great choice for those who want to save money on housing costs. This small city also has plenty of local companies that make up its thriving economy, such as Otsego Memorial Hospital, Live Oak Technologies, and Vanderbilt Area School District. Residents in Vanderbilt also benefit from the low grocery cost index of 89 compared to the US average of 100. All these factors combined create a unique living experience with plenty of job opportunities and an overall reasonable cost of living that makes Vanderbilt a fantastic place to live.
Vanderbilt (zip 49795) has an unemployment rate of 6.9%. The US average is 6.0%.
Vanderbilt (zip 49795) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Vanderbilt (zip 49795)
- The Sales Tax Rate for Vanderbilt (zip 49795) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vanderbilt (zip 49795) 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 Vanderbilt (zip 49795)
- The average income of a Vanderbilt (zip 49795) resident is $20,254 a year. The US average is $28,555 a year.
- The Median household income of a Vanderbilt (zip 49795) resident is $50,878 a year. The US average is $69,021 a year.