Washington charter, MI Economy


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Washington township (Macomb Cnty), MI is a thriving community with affordable rental costs and a food cost index equal to the national average. The local economy is driven by numerous businesses including Gaudard Tool Company, Amtel Automotive Group, and Macomb County Public Works. These companies provide vital resources for the community in the form of goods and services such as auto parts manufacturing, engineering services, and waste management. The presence of these organizations creates job opportunities that benefit local residents while also generating essential income for Washington Township's economy.

Washington charter has an unemployment rate of 3.5%. The US average is 6.0%.

Washington charter has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 41.5%, which is higher than the US average of 33.5%.

Tax Rates for Washington charter
- The Sales Tax Rate for Washington charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Washington 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 Washington charter
- The average income of a Washington charter resident is $45,444 a year. The US average is $37,638 a year.
- The Median household income of a Washington charter resident is $89,466 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWashington charter, MichiganUnited States
  3.56
  -10.6%-6.2%
  41.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $45,444$37,638
  $89,466$69,021
  $111,105$85,028
  Population by Occupation
  0.5%1.2%
  0.0%0.5%
  8.2%6.8%
  25.7%10.0%
  1.7%2.5%
  9.1%11.0%
  1.8%4.8%
  0.7%0.8%
  0.9%1.9%
  3.6%4.7%
  1.2%1.9%
  6.5%7.6%
  0.2%0.1%
  3.6%4.2%
  7.9%9.3%
  11.8%14.0%
  1.5%2.1%
  6.6%7.0%
  4.9%4.8%
  3.7%4.7%
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