Colfax township (Huron County), MI Economy


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United States / Michigan / No Metro Area / Huron County / Colfax township (Huron County) / Zip Codes
Colfax Township (Huron Cnty), MI is an ideal location for anyone looking for a relaxing lifestyle in a picturesque setting. It has plenty of natural beauty, with its lush forests and rolling hills. The cost of living in Colfax Township is quite low, with 2 bedroom rent costing only $850, compared to the US average of $1,430. The Grocery Cost Index is also lower here than the US average at 91 versus 100. \nLocal companies in the area include Huron Valley Steel, Timken Aerospace, and LB White Industries. These businesses offer a variety of employment opportunities for locals. Additionally, there are numerous recreational activities available including biking trails and fishing spots that make it an attractive destination for visitors as well as residents. With its tranquil atmosphere and numerous amenities, Colfax Township (Huron Cnty) is truly a desirable place to live.

Colfax township (Huron County) has an unemployment rate of 5.7%. The US average is 6.0%.

Colfax township (Huron County) has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.

Tax Rates for Colfax township (Huron County)
- The Sales Tax Rate for Colfax township (Huron County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Colfax township (Huron 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 Colfax township (Huron County)
- The average income of a Colfax township (Huron County) resident is $23,185 a year. The US average is $28,555 a year.
- The Median household income of a Colfax township (Huron County) resident is $58,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyColfax township (Huron County), MichiganUnited States
  5.76
  -3.7%-6.2%
  14.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $29,356$37,638
  $58,750$69,021
  $68,125$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  4.2%6.8%
  16.2%10.0%
  1.8%2.5%
  17.8%11.0%
  6.6%4.8%
  0.4%0.8%
  0.5%1.9%
  5.5%4.7%
  0.1%1.9%
  2.2%7.6%
  0.0%0.1%
  1.5%4.2%
  4.8%9.3%
  15.4%14.0%
  0.4%2.1%
  11.2%7.0%
  4.4%4.8%
  3.6%4.7%
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