Niles township, MI Economy


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Niles township, MI is a great place to live for those who are looking for an affordable home. The average 2-bedroom rent in Niles township is only $920 per month, which is much lower than the US average of $1,430. Additionally, the grocery cost index is 90 versus 100 in the US. This means groceries are even more affordable here too!
The area around Niles township is home to many local companies, businesses and attractions. Some of the popular places here include Regal Cinema for movies; The Riverfront Café & Deli for delicious food; The Natural History Museum for culture and history; Andy’s Auto Parts for car parts; and Lincoln Park Zoo for outdoor recreation. There's something here for everyone!

Niles township has an unemployment rate of 5.8%. The US average is 6.0%.

Niles township has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.

Tax Rates for Niles township
- The Sales Tax Rate for Niles township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Niles 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 Niles township
- The average income of a Niles township resident is $21,170 a year. The US average is $28,555 a year.
- The Median household income of a Niles township resident is $54,854 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNiles township, MichiganUnited States
  5.86
  -6.5%-6.2%
  25.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $32,916$37,638
  $54,854$69,021
  $68,996$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  6.7%6.8%
  20.4%10.0%
  2.8%2.5%
  15.5%11.0%
  5.0%4.8%
  0.6%0.8%
  1.1%1.9%
  2.5%4.7%
  1.2%1.9%
  4.0%7.6%
  0.0%0.1%
  3.5%4.2%
  8.5%9.3%
  13.3%14.0%
  1.7%2.1%
  5.7%7.0%
  4.6%4.8%
  2.0%4.7%
Health
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