Troy Township, MI is an advantageous place to live. The average 2 Bedroom rent in Troy Township is $840 compared to the US median rent of $1,430. This makes it a much more affordable option for families and single individuals alike. Additionally, the Grocery Cost Index in Troy Township is 89 versus 100 in the US. This indicates that food costs are significantly lower than in other areas of the country.
Troy Township has many local businesses including T-Mobile, Walmart Supercenter, Starbucks, CVS Pharmacy, Lowe's Home Improvement and Suburban Ford as well as numerous small businesses throughout the community. With a low cost of living index and plenty of local businesses to choose from, Troy Township is a great place to call home.
Troy township (Newaygo County) has an unemployment rate of 6.0%. The US average is 6.0%.
Troy township (Newaygo County) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Troy township (Newaygo County)
- The Sales Tax Rate for Troy township (Newaygo County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Troy township (Newaygo 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 Troy township (Newaygo County)
- The average income of a Troy township (Newaygo County) resident is $15,715 a year. The US average is $28,555 a year.
- The Median household income of a Troy township (Newaygo County) resident is $48,333 a year. The US average is $69,021 a year.