Bridgeport charter, MI Economy


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Bridgeport charter township, MI is a great place to call home. It offers many amenities such as affordable housing, low grocery costs and plenty of local businesses. The 2 bedroom rent in Bridgeport charter township, MI is significantly lower than the national average at just $890 compared to $1,430 in the US making it a great choice for those looking for affordable living expenses. There are also many local businesses from small mom and pop shops to large businesses such as Meijer and Target providing residents with plenty of shopping options. The grocery cost index in Bridgeport charter township, MI is also much lower than the national average at 90 versus 100 in the US making it more cost effective for everyday items. All these factors make Bridgeport charter township, MI an attractive place to live with a very reasonable cost of living.

Bridgeport charter has an unemployment rate of 6.8%. The US average is 6.0%.

Bridgeport charter 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 22.3%, which is lower than the US average of 33.5%.

Tax Rates for Bridgeport charter
- The Sales Tax Rate for Bridgeport charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bridgeport 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 Bridgeport charter
- The average income of a Bridgeport charter resident is $21,307 a year. The US average is $28,555 a year.
- The Median household income of a Bridgeport charter resident is $44,199 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBridgeport charter, MichiganUnited States
  6.86
  -7.7%-6.2%
  22.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,594$37,638
  $44,199$69,021
  $54,788$85,028
  Population by Occupation
  1.4%1.2%
  0.0%0.5%
  4.9%6.8%
  15.6%10.0%
  2.3%2.5%
  10.7%11.0%
  4.3%4.8%
  0.9%0.8%
  1.8%1.9%
  4.5%4.7%
  0.8%1.9%
  2.6%7.6%
  0.2%0.1%
  5.0%4.2%
  8.5%9.3%
  14.5%14.0%
  0.6%2.1%
  13.9%7.0%
  5.4%4.8%
  2.1%4.7%
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