Baldwin township (Iosco County), MI Economy


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United States / Michigan / No Metro Area / Iosco County / Baldwin township (Iosco County) / Zip Codes
Baldwin Township (Iosco County), MI is an affordable and desirable place to live. The average two-bedroom rent in the area is $840, which is much lower than the national average of $1,430. This cost of living reduction does not just relate to housing, but other expenses as well, such as groceries costing only 90 on a 100 national index. Furthermore, Baldwin Township offers a number of amenities for its residents. For instance, there are plenty of local companies and restaurants to enjoy, such as Lake Street Grocery & Deli, B&C Diner Restaurant & Lounge or Hartwick Pines State Park where you can explore 932 acres of old growth forest. Whatever your preferences may be, Baldwin Township can offer something to suit your needs.

Baldwin township (Iosco County) has an unemployment rate of 7.5%. The US average is 6.0%.

Baldwin township (Iosco County) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 23.8%, which is lower than the US average of 33.5%.

Tax Rates for Baldwin township (Iosco County)
- The Sales Tax Rate for Baldwin township (Iosco County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Baldwin township (Iosco 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 Baldwin township (Iosco County)
- The average income of a Baldwin township (Iosco County) resident is $38,093 a year. The US average is $37,638 a year.
- The Median household income of a Baldwin township (Iosco County) resident is $64,435 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBaldwin township (Iosco 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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