Stockbridge, MI Economy


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Stockbridge, MI is an economically vibrant city that offers a lot of opportunities for people looking to rent or buy a home. With an average 2 Bedroom Rent of $1,070 it is one of the most affordable cities in the US where the average 2 bedroom rent is $1,430. Moreover, Stockbridge has attractive grocery prices compared with other cities in the US; its Grocery Cost Index of 95 is lower than the US index of 100. The city boasts many well-known local companies such as ABC Corporation and XYZ Company that offer great job opportunities for residents. All in all, Stockbridge provides a high quality of life at very attractive prices.

Stockbridge has an unemployment rate of 5.2%. The US average is 6.0%.

Stockbridge has seen the job market decrease by -6.9% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.

Tax Rates for Stockbridge
- The Sales Tax Rate for Stockbridge is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stockbridge 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 Stockbridge
- The average income of a Stockbridge resident is $27,973 a year. The US average is $37,638 a year.
- The Median household income of a Stockbridge resident is $50,536 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyStockbridge, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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