Boon Township, MI is a vibrant community located in the Grand Rapids area of Michigan. With a low 2 bedroom rent average of $880 per month, compared to the US 2 bedroom rent average of $1,430 per month, Boon Township is an affordable and attractive place to live. The grocery cost index in Boon Township is 90 versus 100 for the US overall, making groceries more affordable for residents. The town has many local companies, including cafes like Boston Tea Room and Chocolatea Cafe; clothing boutiques like BoBella Boutique; and stores like Meijer and Target. There are also plenty of small businesses around town that offer unique products or services that make living in Boon Township a great experience.
Boon township has an unemployment rate of 6.2%. The US average is 6.0%.
Boon township has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Boon township
- The Sales Tax Rate for Boon township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Boon 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 Boon township
- The average income of a Boon township resident is $18,356 a year. The US average is $28,555 a year.
- The Median household income of a Boon township resident is $46,375 a year. The US average is $69,021 a year.