Coldwater Township (Isabella County), Michigan is a small town located in Central Michigan. It is home to many local businesses, such as Coldwater Regional Airport, Coldwater Golf Course, and Griffith Electric Service. The economy of this area is largely driven by tourism, with many people visiting for outdoor activities such as golfing or to explore the beautiful nature that surrounds the town. The cost of living in Coldwater Township is lower than many other places in the US, with 2 Bedroom Rent at $850 compared to the national average of $1,430 and Grocery Cost Index at 90 compared to 100 nationally. Overall, it is an affordable place to live with plenty of opportunities for recreation and economic activity.
Coldwater township (Isabella County) has an unemployment rate of 5.5%. The US average is 6.0%.
Coldwater township (Isabella County) has seen the job market decrease by -9.2% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Coldwater township (Isabella County)
- The Sales Tax Rate for Coldwater township (Isabella County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coldwater township (Isabella 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 Coldwater township (Isabella County)
- The average income of a Coldwater township (Isabella County) resident is $26,265 a year. The US average is $37,638 a year.
- The Median household income of a Coldwater township (Isabella County) resident is $48,462 a year. The US average is $69,021 a year.