Banks, MI is a small town located in the northeastern region of Michigan. It is a peaceful place with great scenery and beautiful nature. The cost of living is relatively low compared to other parts of the US. Rent for a two-bedroom apartment is about $870, while the same in the US averages at $1,430. Grocery costs also tend to be lower in Banks than they do elsewhere, with an index score of 92 compared to 100 nationally.
Those who live in Banks are able to enjoy advantages from local businesses like G&F Hardware Store, High Point Bar & Grill, and Grandview Golf Club. They offer quality services at competitive prices that make them popular among locals. With its prime location and affordable living costs, Banks is a great place to call home.
Banks has an unemployment rate of 7.8%. The US average is 6.0%.
Banks has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Banks
- The Sales Tax Rate for Banks is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Banks is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Banks
- The average income of a Banks resident is $34,915 a year. The US average is $37,638 a year.
- The Median household income of a Banks resident is $65,189 a year. The US average is $69,021 a year.