Alma, MI Metro Area is a great place to live and work. It has a population of over 6,000 people and two-bedroom rent in this area is significantly lower than the average two-bedroom rent in the United States at $830 versus $1,430. The grocery cost index is also lower than that of the US with an index of 90 compared to 100. Local companies in Alma include the Alma Farmers Market, Almar Enterprises Inc., Patience Footwear & Apparel LLC, and CTP Paving & Excavation. With so many local businesses and affordable living costs, it's easy to see why Alma is such a desirable place to call home.
Alma Metro Area has an unemployment rate of 5.6%. The US average is 6.0%.
Alma Metro Area 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 20.5%, which is lower than the US average of 33.5%.
Tax Rates for Alma Metro Area
- The Sales Tax Rate for Alma Metro Area is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alma Metro Area 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 Alma Metro Area
- The average income of a Alma Metro Area resident is $25,651 a year. The US average is $37,638 a year.
- The Median household income of a Alma Metro Area resident is $53,347 a year. The US average is $69,021 a year.