Deerfield township (Livingston County), MI Economy


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Deerfield Township (Livingston Cnty), MI is a great place to live, offering residents an affordable cost of living with two bedroom rent averaging $1,310 compared to the US average of $1,430. Groceries are also more affordable with an index score of 98 compared to 100 in the US. Deerfield Township is home to many local businesses such as Auto Value Parts Store, Family Dollar, Ace Hardware and Rite Aid Pharmacy. With lower costs than other counties in Michigan and plenty of local companies, Deerfield Township is a great place for anyone looking for an affordable area to live or start a business.

Deerfield township (Livingston County) has an unemployment rate of 3.3%. The US average is 6.0%.

Deerfield township (Livingston County) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 38.8%, which is higher than the US average of 33.5%.

Tax Rates for Deerfield township (Livingston County)
- The Sales Tax Rate for Deerfield township (Livingston County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Deerfield township (Livingston County) 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 Deerfield township (Livingston County)
- The average income of a Deerfield township (Livingston County) resident is $31,707 a year. The US average is $28,555 a year.
- The Median household income of a Deerfield township (Livingston County) resident is $80,613 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDeerfield township (Livingston County), MichiganUnited States
  3.36
  -10.5%-6.2%
  38.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $33,208$37,638
  $80,613$69,021
  $93,848$85,028
  Population by Occupation
  2.0%1.2%
  0.0%0.5%
  13.5%6.8%
  14.2%10.0%
  3.4%2.5%
  11.7%11.0%
  1.8%4.8%
  0.0%0.8%
  0.4%1.9%
  3.3%4.7%
  1.0%1.9%
  4.8%7.6%
  0.0%0.1%
  3.6%4.2%
  8.4%9.3%
  15.9%14.0%
  0.3%2.1%
  6.8%7.0%
  2.8%4.8%
  6.0%4.7%
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