Bingham Township (Leelanau Cnty) is a great place to live and work thanks to its affordable housing costs and low grocery cost index. The average two-bedroom rent in the area is $1,230, while the US average for a two-bedroom rent is $1,430. Additionally, the grocery cost index in Bingham Township is 97 compared to 100 in the US. The area also offers plenty of local businesses and amenities, such as Lake Leelanau Narrows Marina, Leelanau State Park, Inland Seas Education Association, and Sleeping Bears Dunes National Park. There are also numerous restaurants, shops and galleries throughout the township.
Bingham township (Leelanau County) has an unemployment rate of 6.1%. The US average is 6.0%.
Bingham township (Leelanau County) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Bingham township (Leelanau County)
- The Sales Tax Rate for Bingham township (Leelanau County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bingham township (Leelanau 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 Bingham township (Leelanau County)
- The average income of a Bingham township (Leelanau County) resident is $31,631 a year. The US average is $28,555 a year.
- The Median household income of a Bingham township (Leelanau County) resident is $71,531 a year. The US average is $69,021 a year.