Adams township (Arenac County), MI Economy


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United States / Michigan / No Metro Area / Arenac County / Adams township (Arenac County) / Zip Codes
Adams Township (Arenac Cnty), MI is a community known for its affordability and convenience. The 2 bedroom rent in Adams township (Arenac Cnty), MI is $830 which is significantly lower than the US average of $1430. Additionally, the grocery cost index in Adams Township (Arenac Cnty), MI is 90 compared to 100 in the US making it an ideal location for budget-conscious individuals and families.\nLocal companies located in Adams Township (Arenac Cnty) include Paul's Automotive, T & D Storage Solutions, Smith Appliances, J-M Discount Groceries, and Grandma's Pizzeria. These businesses offer products and services that are competitively priced when compared to national retailers.
Overall, Adams Township (Arenac Cnty), MI provides its residents with exceptional affordability and convenience thanks to its competitive rental rates and low cost of living. This makes Adams Township (Arenac Cnty) an attractive option for those looking to relocate without breaking the bank.

Adams township (Arenac County) has an unemployment rate of 9.3%. The US average is 6.0%.

Adams township (Arenac County) has seen the job market decrease by -7.6% over the last year. Future job growth over the next ten years is predicted to be 17.2%, which is lower than the US average of 33.5%.

Tax Rates for Adams township (Arenac County)
- The Sales Tax Rate for Adams township (Arenac County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Adams township (Arenac County) 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 Adams township (Arenac County)
- The average income of a Adams township (Arenac County) resident is $23,858 a year. The US average is $37,638 a year.
- The Median household income of a Adams township (Arenac County) resident is $52,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAdams township (Arenac County), 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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