Free Soil township, MI Economy


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\nFree Soil township, MI is a great place to live for those looking to save on costs while still having access to plenty of amenities. The average rent for a two bedroom apartment in Free Soil township is $890, which is significantly lower than the US average of $1,430. Additionally, groceries are also more affordable in Free Soil township as the Grocery Cost Index here is 91 compared to 100 in the US.
Besides saving money on rent and groceries, there are also plenty of local businesses to choose from. Some popular restaurants here include The Pizza Place and Larry's Diner. Within the town there are also several attractions such as Lakeside Park and Free Soil Township Historical Museum. There are also multiple stores such as Walmart Supercenter and A&G Country Store that can provide all kinds of goods and services to locals.

Free Soil township has an unemployment rate of 6.9%. The US average is 6.0%.

Free Soil township has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Free Soil township
- The Sales Tax Rate for Free Soil township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Free Soil 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 Free Soil township
- The average income of a Free Soil township resident is $28,069 a year. The US average is $28,555 a year.
- The Median household income of a Free Soil township resident is $61,579 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFree Soil township, MichiganUnited States
  6.96
  -6.6%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $29,686$37,638
  $61,579$69,021
  $73,897$85,028
  Population by Occupation
  3.0%1.2%
  14.1%0.5%
  4.6%6.8%
  19.0%10.0%
  2.4%2.5%
  7.9%11.0%
  3.3%4.8%
  1.4%0.8%
  0.0%1.9%
  2.7%4.7%
  4.1%1.9%
  2.2%7.6%
  0.0%0.1%
  2.7%4.2%
  5.7%9.3%
  12.2%14.0%
  0.0%2.1%
  7.6%7.0%
  1.6%4.8%
  5.7%4.7%
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