Yale, MI is a small town in southeastern Michigan with a population of 48097. It has a much lower cost of living than the United States on average, with a 2 bedroom rent costing $990 compared to the US average of $1430. Grocery costs are also significantly lower, as Yale's grocery cost index is 93 versus 100 in the US. This makes it an ideal place for those looking to save money while having access to many amenities. There are several local companies in Yale such as Clinton Machine Inc., Specialty Tool and Die Co., and Yackee Exhaust Supply Co., which provide jobs and services for residents. All in all, Yale provides an affordable and comfortable lifestyle for its citizens.
Yale (zip 48097) has an unemployment rate of 4.5%. The US average is 6.0%.
Yale (zip 48097) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.
Tax Rates for Yale (zip 48097)
- The Sales Tax Rate for Yale (zip 48097) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Yale (zip 48097) 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 Yale (zip 48097)
- The average income of a Yale (zip 48097) resident is $22,216 a year. The US average is $28,555 a year.
- The Median household income of a Yale (zip 48097) resident is $53,063 a year. The US average is $69,021 a year.