Bennington, MI Economy


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United States / Michigan / No Metro Area / Shiawassee County / Bennington / Zip Codes
Bennington, MI is a small town located in the southern part of Michigan. It is known for its peaceful environment and quaint charm. The average two bedroom apartment rent in Bennington is $860 per month, which is much lower than the US average of $1,430. The grocery cost index in Bennington is also lower than the national average at 93 versus 100 respectively. There are many local companies that attract residents to the town such as Jim’s Grocery Store, Smith Automotive Repair Shop, and Lainey’s Bakery. Bennington is an ideal place to live due to its affordability and small-town feel.

Bennington has an unemployment rate of 5.6%. The US average is 6.0%.

Bennington has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.

Tax Rates for Bennington
- The Sales Tax Rate for Bennington is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bennington 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 Bennington
- The average income of a Bennington resident is $35,467 a year. The US average is $37,638 a year.
- The Median household income of a Bennington resident is $85,962 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBennington, MichiganUnited States
  5.66
  -7.0%-6.2%
  28.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,467$37,638
  $85,962$69,021
  $91,086$85,028
  Population by Occupation
  1.5%1.2%
  0.0%0.5%
  10.1%6.8%
  17.0%10.0%
  3.4%2.5%
  7.6%11.0%
  2.4%4.8%
  0.4%0.8%
  0.9%1.9%
  3.8%4.7%
  0.4%1.9%
  2.1%7.6%
  0.0%0.1%
  1.0%4.2%
  14.1%9.3%
  19.4%14.0%
  0.4%2.1%
  6.6%7.0%
  4.1%4.8%
  4.8%4.7%
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