Bangor township, MI is an affordable place to live, with a 2 Bedroom Rent of $880 compared to the US average of $1,430. The Grocery Cost Index in Bangor township is also significantly lower than the US average at 92 versus 100. This makes Bangor township a great choice for people looking for an inexpensive place to call home. Local companies like Hollywood Market, The Manor House Bar & Grill and the Kmart provide employment opportunities and products/services to the local population. All in all, Bangor township offers residents an excellent cost of living that cannot be found elsewhere.
Bangor township has an unemployment rate of 6.6%. The US average is 6.0%.
Bangor township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.
Tax Rates for Bangor township
- The Sales Tax Rate for Bangor township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bangor township 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 Bangor township
- The average income of a Bangor township resident is $18,761 a year. The US average is $28,555 a year.
- The Median household income of a Bangor township resident is $60,375 a year. The US average is $69,021 a year.