Richfield township (Genesee Cnty), MI is a great place to live. The cost of living is very reasonable with a 2 bedroom rent being $1,020 compared to the US average of $1,430. Grocery costs are also below the national average with an index of 94 compared to 100 in the US. There are many local companies in Richfield township such as general contractors, auto parts stores, insurance agencies and financial services companies offering employment opportunities. Overall Richfield township provides affordable housing and reasonable prices for groceries making it an excellent place to live.
Richfield township (Genesee County) has an unemployment rate of 7.1%. The US average is 6.0%.
Richfield township (Genesee County) has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Richfield township (Genesee County)
- The Sales Tax Rate for Richfield township (Genesee County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Richfield township (Genesee 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 Richfield township (Genesee County)
- The average income of a Richfield township (Genesee County) resident is $29,482 a year. The US average is $37,638 a year.
- The Median household income of a Richfield township (Genesee County) resident is $68,661 a year. The US average is $69,021 a year.