Centerville, MI Economy


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Centerville, MI is a great place to live with an affordable cost of living. 2 bedroom rent in Centerville is lower than the US average at $1,110 compared to $1,430 for the US. In addition, the grocery cost index is 97 compared to 100 in the US making groceries more affordable as well. This makes Centerville attractive for those looking for an affordable lifestyle. The city boasts many local companies such as Huntington Bank and Applebee’s Grill & Bar for jobs and entertainment. All in all, Centerville is an ideal location for those who want to save money while maintaining a comfortable lifestyle.

Centerville has an unemployment rate of 6.1%. The US average is 6.0%.

Centerville 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 Centerville
- The Sales Tax Rate for Centerville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Centerville 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 Centerville
- The average income of a Centerville resident is $24,079 a year. The US average is $28,555 a year.
- The Median household income of a Centerville resident is $76,607 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCenterville, MichiganUnited States
  6.16
  -6.4%-6.2%
  28.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,544$37,638
  $76,607$69,021
  $92,500$85,028
  Population by Occupation
  9.5%1.2%
  1.0%0.5%
  12.2%6.8%
  5.2%10.0%
  0.7%2.5%
  6.0%11.0%
  4.0%4.8%
  0.4%0.8%
  2.6%1.9%
  3.4%4.7%
  5.4%1.9%
  5.2%7.6%
  0.0%0.1%
  3.4%4.2%
  12.1%9.3%
  10.9%14.0%
  3.4%2.1%
  7.3%7.0%
  4.4%4.8%
  2.9%4.7%
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