Hillsdale township, MI Economy


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Hillsdale Township is a small town located in Michigan with plenty of opportunity for its residents. The average two-bedroom rent in Hillsdale Township is $830, significantly lower than the national average of $1,430. Furthermore, the grocery cost index in Hillsdale Township is 93 compared to 100 in the US. This makes food much more affordable for those living in Hillsdale Township than elsewhere in the country.
The town offers many recreational activities such as hiking trails and golf courses that are close to home for residents. Along with these outdoor activities, there are also a few large companies that offer employment opportunities within the community. Some of these businesses include Wal Mart Distribution Center, Toledo Tool and Die Company, and Amish Inn Restaurant.
Overall, Hillsdale Township provides its citizens with affordable rent and groceries while also offering various recreational activities as well as job opportunities from local businesses. Although it may not have the same resources or amenities available as larger cities across the US, it still serves as an ideal location to call home for families seeking an affordable neighborhood with a range of services nearby.

Hillsdale township has an unemployment rate of 5.4%. The US average is 6.0%.

Hillsdale township has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.

Tax Rates for Hillsdale township
- The Sales Tax Rate for Hillsdale township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hillsdale 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 Hillsdale township
- The average income of a Hillsdale township resident is $33,138 a year. The US average is $28,555 a year.
- The Median household income of a Hillsdale township resident is $77,474 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHillsdale township, MichiganUnited States
  5.46
  -7.2%-6.2%
  27.1%33.5%
  6.0%6.2%
  4.3%4.6%
  $40,195$37,638
  $77,474$69,021
  $91,553$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  5.5%6.8%
  16.7%10.0%
  1.5%2.5%
  12.4%11.0%
  2.3%4.8%
  1.9%0.8%
  0.2%1.9%
  2.7%4.7%
  2.4%1.9%
  1.4%7.6%
  0.0%0.1%
  1.8%4.2%
  24.7%9.3%
  13.8%14.0%
  0.9%2.1%
  4.1%7.0%
  3.5%4.8%
  3.3%4.7%
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