Akron Township, MI is a small town located in Michigan. It is home to many local businesses, including Big Boy's Grocery Store and Hank's Hardware. The cost of living in Akron Township is quite reasonable, as indicated by the 2 bedroom rent which averages around $800 per month and the grocery cost index which stands at 89 compared to the national average of 100. This makes it an attractive place for those who want to live somewhere affordable while still having access to quality businesses and services.
Akron township has an unemployment rate of 6.3%. The US average is 6.0%.
Akron township has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.
Tax Rates for Akron township
- The Sales Tax Rate for Akron township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Akron township 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 Akron township
- The average income of a Akron township resident is $21,404 a year. The US average is $28,555 a year.
- The Median household income of a Akron township resident is $56,797 a year. The US average is $69,021 a year.