Southfield township, MI is an attractive place to live due to its relatively low rental costs for two bedroom homes. The average 2 bedroom rent in Southfield Township is $1,740 compared to the national average of $1,430. This makes it more affordable than many other locations in the US. Additionally, the city's grocery cost index is 103 compared to 100 nationally giving locals access to a larger selection of products at slightly lower prices. Companies such as Best Buy Rentals and Red Rock Real Estate offer competitive two-bedroom rental prices in Southfield Township. Grocery shopping can be done at local stores like Kroger, Meijer, and Whole Foods which all provide quality products at affordable prices.
Southfield township has an unemployment rate of 3.5%. The US average is 6.0%.
Southfield 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Southfield township
- The Sales Tax Rate for Southfield township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southfield 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 Southfield township
- The average income of a Southfield township resident is $59,631 a year. The US average is $28,555 a year.
- The Median household income of a Southfield township resident is $154,274 a year. The US average is $69,021 a year.