Burr Oak township, MI is an affordable place to live compared to the US. The two bedroom rent in Burr Oak township, MI is $830 while it is significantly higher at $1,430 in the US. Additionally, grocery costs are also cheaper in Burr Oak township as the Grocery Cost Index there is 93 versus 100 in the US. The local economy of Burr Oak township is supported by several companies such as Bose Corporation, Geothermal Tech Solutions Inc., and Tag-It Midwest Labels. Compared to other areas across the nation, Burr Oak township offers great value for money and a high quality of life.
Burr Oak township has an unemployment rate of 4.9%. The US average is 6.0%.
Burr Oak township has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Burr Oak township
- The Sales Tax Rate for Burr Oak township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Burr Oak 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 Burr Oak township
- The average income of a Burr Oak township resident is $20,009 a year. The US average is $28,555 a year.
- The Median household income of a Burr Oak township resident is $61,181 a year. The US average is $69,021 a year.