Litchfield township, MI is an excellent place to live as it offers affordable living costs without compromising on amenities and convenience. The average two bedroom rent in the area is just $910 compared to the national average of $1,430, making it a great option for those looking for affordable housing. The area also boasts a Grocery Cost Index score of 93 versus 100 nationally, which means groceries are even more affordable than other parts of the country. Residents can enjoy local businesses such as Litchfield Township General Store and Farmside Garden Center & Nursery; both offer quality products and services that cater to residents’ needs. Other amenities include multiple parks for outdoor recreation, grocery stores, gas stations, and more. With its low cost of living and abundance of amenities, Litchfield Township is an ideal area to call home.
Litchfield township has an unemployment rate of 5.4%. The US average is 6.0%.
Litchfield 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 Litchfield township
- The Sales Tax Rate for Litchfield township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Litchfield 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 Litchfield township
- The average income of a Litchfield township resident is $22,083 a year. The US average is $28,555 a year.
- The Median household income of a Litchfield township resident is $52,188 a year. The US average is $69,021 a year.