Three Oaks township, MI Economy


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Three Oaks township, MI is a great place to live for those looking for an affordable and convenient lifestyle. With a two bedroom rental rate of $1,050 compared to the US average of $1,430, it's easy to see why Three Oaks is becoming increasingly popular. The grocery cost index in Three Oaks township is 93 versus the 100 in the US, making it a very reasonably priced area to buy groceries as well. Not only is the cost of living low in Three Oaks, but there are plenty of local companies to work for. Popular businesses such as Wrigley Field Hotels and Restaurants Inc., JT Personnel Services LLC., and Patsy’s Pizza Kitchen offer jobs that benefit both employees and the local economy. All in all, Three Oaks township is an excellent place to live with its unbeatable prices on rent and groceries as well as its abundance of local companies.

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

Three Oaks 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 Three Oaks township
- The Sales Tax Rate for Three Oaks township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Three Oaks 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 Three Oaks township
- The average income of a Three Oaks township resident is $23,030 a year. The US average is $28,555 a year.
- The Median household income of a Three Oaks township resident is $62,699 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyThree Oaks township, MichiganUnited States
  5.86
  -6.5%-6.2%
  25.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,962$37,638
  $62,699$69,021
  $73,750$85,028
  Population by Occupation
  2.2%1.2%
  0.0%0.5%
  7.7%6.8%
  18.8%10.0%
  0.8%2.5%
  10.7%11.0%
  8.3%4.8%
  0.6%0.8%
  0.4%1.9%
  3.6%4.7%
  1.5%1.9%
  2.5%7.6%
  0.0%0.1%
  4.6%4.2%
  3.1%9.3%
  6.9%14.0%
  4.5%2.1%
  12.0%7.0%
  5.5%4.8%
  6.2%4.7%
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