Grout, MI is an attractive place to live due to its affordable rent and cost of living. The cost of a two-bedroom apartment in Grout is $900 per month, compared to the national average of $1,430. Grocery costs are also significantly lower than the national average with a grocery cost index of 91 versus 100 in the US. Local businesses in Grout include Gridley Foods, ABC Manufacturing, and Big Cat Bicycles. These companies provide jobs for local residents and help keep the economy thriving.
Grout has an unemployment rate of 7.5%. The US average is 6.0%.
Grout has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 23.3%, which is lower than the US average of 33.5%.
Tax Rates for Grout
- The Sales Tax Rate for Grout is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grout 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 Grout
- The average income of a Grout resident is $25,173 a year. The US average is $37,638 a year.
- The Median household income of a Grout resident is $54,153 a year. The US average is $69,021 a year.