Centreville, MI Economy


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Centreville, MI is an affordable place to live with rent for a two-bedroom apartment costing $800, which is significantly lower than the national average of $1,430. The cost of groceries in Centreville is also much lower than the US average, with an index score of 93 compared to 100. Residents in Centreville have access to a variety of local businesses and amenities, such as Grocery Store A, Boutique B, Cineplex C and Park D. Nearby parks offer outdoor activities for locals while the movie theater provides entertainment on rainy days. Additionally, there are plenty of opportunities for dining out at several nearby restaurants. With its low cost of living and great amenities, Centreville offers a good balance between fun and affordability.

Centreville has an unemployment rate of 4.9%. The US average is 6.0%.

Centreville 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 Centreville
- The Sales Tax Rate for Centreville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Centreville 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 Centreville
- The average income of a Centreville resident is $18,642 a year. The US average is $28,555 a year.
- The Median household income of a Centreville resident is $57,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCentreville, MichiganUnited States
  4.96
  -2.3%-6.2%
  25.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $23,933$37,638
  $57,500$69,021
  $59,722$85,028
  Population by Occupation
  3.2%1.2%
  0.0%0.5%
  1.3%6.8%
  46.0%10.0%
  3.0%2.5%
  9.7%11.0%
  3.8%4.8%
  0.0%0.8%
  0.0%1.9%
  0.6%4.7%
  0.4%1.9%
  0.0%7.6%
  0.0%0.1%
  1.9%4.2%
  8.3%9.3%
  11.2%14.0%
  0.0%2.1%
  4.0%7.0%
  2.1%4.8%
  4.4%4.7%
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