Carrollton, MI Economy


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Carrollton, MI is a lovely town situated on the banks of the Grand River. The cost of living is lower than the US average, making it an attractive option for those looking for affordable housing. For example, rent for a two-bedroom apartment in Carrollton is just $990 whereas the national average is $1,430. Additionally, grocery costs index at 90 versus 100 in the US. There are several local companies that call Carrollton home such as Ann Arbor Truck & Trailer Repair and Guaranteed Waterproofing Company. For entertainment, there's plenty to do! Take a leisurely stroll through one of the many parks or enjoy some outdoor fun at the local mini golf course. You could also try your luck at one of the nearby casinos or catch up with friends over dinner at a local restaurant.

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

Carrollton 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 Carrollton
- The Sales Tax Rate for Carrollton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carrollton 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 Carrollton
- The average income of a Carrollton resident is $18,788 a year. The US average is $28,555 a year.
- The Median household income of a Carrollton resident is $37,828 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarrollton, MichiganUnited States
  6.86
  -7.7%-6.2%
  22.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $20,735$37,638
  $37,828$69,021
  $36,161$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  7.9%6.8%
  10.8%10.0%
  1.0%2.5%
  14.8%11.0%
  3.1%4.8%
  0.0%0.8%
  0.0%1.9%
  2.7%4.7%
  0.0%1.9%
  3.0%7.6%
  0.0%0.1%
  7.4%4.2%
  7.1%9.3%
  22.2%14.0%
  1.7%2.1%
  10.7%7.0%
  3.0%4.8%
  3.9%4.7%
Health
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