Canton charter, MI Economy


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Canton Charter Township, MI is a vibrant community located in Western Wayne County. It boasts a number of attractions, from local businesses to parks and entertainment options. Home to several large companies such as Ford Motor Company, Roush Industries, and Domino's Pizza Enterprises, the township also offers plenty of small businesses and restaurants for residents to enjoy. Additionally, the area has several parks and recreational areas like Heritage Park-Canon's Lake which make it an ideal spot for outdoor activities. Furthermore, Canton Charter Township's cost of living is lower than the national average with 2 bedroom rent costing $1,490 compared to the US average of $1430 and grocery index at 99 compared to US 100. All these factors point to Canton Charter Township being an excellent place to live.

Canton charter has an unemployment rate of 5.6%. The US average is 6.0%.

Canton charter has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 35.0%, which is higher than the US average of 33.5%.

Tax Rates for Canton charter
- The Sales Tax Rate for Canton charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Canton charter 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 Canton charter
- The average income of a Canton charter resident is $34,625 a year. The US average is $28,555 a year.
- The Median household income of a Canton charter resident is $104,535 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCanton charter, MichiganUnited States
  5.66
  -10.5%-6.2%
  35.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $45,745$37,638
  $104,535$69,021
  $123,180$85,028
  Population by Occupation
  0.1%1.2%
  0.1%0.5%
  2.4%6.8%
  23.6%10.0%
  2.2%2.5%
  9.6%11.0%
  4.4%4.8%
  0.8%0.8%
  1.4%1.9%
  5.2%4.7%
  1.2%1.9%
  10.0%7.6%
  0.3%0.1%
  2.7%4.2%
  8.4%9.3%
  14.4%14.0%
  1.9%2.1%
  5.1%7.0%
  3.4%4.8%
  2.9%4.7%
Reviews for Canton charter
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A dull, middle-class bedroom community suburb with very little to do but shop (at typical big box stores) or eat (at typical chain restaurants). Lacks walkability, lacks  More

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Peckok · 
Over 4 years ago

I’ve love this small township. It’s a great and safe place to rest from the Detroit,flint  More

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Over 7 years ago

quaint , nice , comfortable (upscale) place to  More

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