Hematite, MI is a small town with a population of around 5,000 and an affordable cost of living. Renting a 2 bedroom apartment in Hematite costs $740 on average, which is significantly lower than the US 2 bedroom rent average of $1,430. Additionally, the local grocery cost index in Hematite is 90 versus 100 in the US. This makes Hematite an attractive option for people who are looking to move to a new place and want to save money. Local companies like the Hematite Supermarket, Hematite Real Estate Agency, and Hematite Home Improvement Store can benefit from this information by being able to reach out to newcomers who may be interested in taking advantage of these cost saving opportunities in Hematite.
Hematite has an unemployment rate of 6.8%. The US average is 6.0%.
Hematite has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.
Tax Rates for Hematite
- The Sales Tax Rate for Hematite is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hematite 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 Hematite
- The average income of a Hematite resident is $24,489 a year. The US average is $37,638 a year.
- The Median household income of a Hematite resident is $32,647 a year. The US average is $69,021 a year.