Loud, MI is a small city in Michigan that offers many attractions and businesses. Rent for a 2 bedroom apartment is much lower than the US average at $840 per month. This makes it an affordable place to live and ideal for young couples just starting out. The Grocery Cost Index in Loud, MI is 91 versus 100 in the US, which makes food more affordable as well. Some local businesses include Handy Dan’s hardware store, Denton’s Department Store, and the Orchard Lake Theater. There are also several great restaurants such as The Silo Bar & Grill and The Wild Onion Restaurant. Additionally there are many parks with walking trails, lakes, and playgrounds such as Peterson Park and Hickory Hills Park which make it a great place to spend time outdoors.
Loud has an unemployment rate of 10.2%. The US average is 6.0%.
Loud has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 13.9%, which is lower than the US average of 33.5%.
Tax Rates for Loud
- The Sales Tax Rate for Loud is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Loud 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 Loud
- The average income of a Loud resident is $21,660 a year. The US average is $37,638 a year.
- The Median household income of a Loud resident is $37,019 a year. The US average is $69,021 a year.