Chesaning township, MI is a small rural town with a population of around 3,000 people. Located near Saginaw and Bay City, it has access to larger cities while still having its own charm. The average two bedroom rent in Chesaning township is $830 per month, which is significantly lower than the national average of $1,430. When it comes to groceries, the cost index in Chesaning township is 93 compared to the US average of 100. This shows that groceries are much more affordable for those who choose to live here than in other parts of the country.
The local economy is driven by agriculture and manufacturing companies like Smithfield Foods and AGCO Corporation. There are also several small businesses in this area that support the local community such as B&B Hardware, Lang's True Value Hardware, and Koppin Pharmacy Inc. With all these attractions combined with low housing prices and grocery costs, Chesaning township offers an excellent cost of living for families who want to settle down near some larger cities while still enjoying the peace and quiet that comes with small towns.
Chesaning township has an unemployment rate of 6.8%. The US average is 6.0%.
Chesaning township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Chesaning township
- The Sales Tax Rate for Chesaning township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chesaning 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 Chesaning township
- The average income of a Chesaning township resident is $23,267 a year. The US average is $28,555 a year.
- The Median household income of a Chesaning township resident is $49,194 a year. The US average is $69,021 a year.