Byron township (Kent County), MI Economy


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Byron township, MI is a small town located in Michigan with a population of around 10,000 people. This town is a great place for those looking for a quiet and peaceful atmosphere as it offers many amenities including parks and recreational activities. The 2 bedroom rent in Byron township, MI is $1,250 which is much lower than the US average of $1,430. Furthermore, grocery cost index in Byron township, MI is 98 versus 100 in the US which makes groceries more affordable. There are also many local businesses such as “The Jewelry Box” retail store and “Hummongous Burger” restaurant that provide excellent services to residents and visitors alike.

Byron township (Kent County) has an unemployment rate of 4.8%. The US average is 6.0%.

Byron township (Kent County) has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.

Tax Rates for Byron township (Kent County)
- The Sales Tax Rate for Byron township (Kent County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Byron township (Kent 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 Byron township (Kent County)
- The average income of a Byron township (Kent County) resident is $35,307 a year. The US average is $37,638 a year.
- The Median household income of a Byron township (Kent County) resident is $81,323 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyByron township (Kent County), MichiganUnited States
  4.86
  -6.2%-6.2%
  37.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,307$37,638
  $81,323$69,021
  $92,401$85,028
  Population by Occupation
  0.0%1.2%
  0.2%0.5%
  5.0%6.8%
  20.5%10.0%
  4.8%2.5%
  11.5%11.0%
  6.0%4.8%
  0.3%0.8%
  1.2%1.9%
  3.6%4.7%
  1.6%1.9%
  5.2%7.6%
  0.2%0.1%
  4.9%4.2%
  6.9%9.3%
  13.9%14.0%
  0.9%2.1%
  6.6%7.0%
  5.3%4.8%
  1.6%4.7%
Health
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