Bessemer township, MI is an affordable place to live of those looking for a more rural setting. 2 bedroom rent is significantly lower than the US average at $830 versus $1,430 making it ideal for young individuals or couples looking to start a family. The grocery cost index is also much lower in Bessemer Township at 91 versus 100 in the US, meaning groceries are even more affordable. There are many local companies that contribute to the thriving community like GM Powertrain, Besser Company and Bostik Inc. Living in Bessemer Township can provide a peaceful suburban lifestyle with all of the amenities nearby without breaking the bank compared to living in other townships.
Bessemer township has an unemployment rate of 5.6%. The US average is 6.0%.
Bessemer township has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 17.8%, which is lower than the US average of 33.5%.
Tax Rates for Bessemer township
- The Sales Tax Rate for Bessemer township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bessemer 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 Bessemer township
- The average income of a Bessemer township resident is $20,896 a year. The US average is $28,555 a year.
- The Median household income of a Bessemer township resident is $49,265 a year. The US average is $69,021 a year.