Coloma Charter Township, MI is an ideal place to live for those looking for small town charm with big city amenities nearby. Located just minutes away from cities such as Benton Harbor and St. Joseph, Coloma has a cost of living that is significantly lower than the national average. The median 2 bedroom rent in Coloma Charter Township stands at $970, which is far lower than the national average of $1,430. Additionally, the grocery cost index in Coloma is 92 versus 100 in the US, making it a great option for budget-minded individuals and families. \nThe economy of Coloma Charter Township is driven by several local companies including The Dow Chemical Company, American Electric Power (AEP), and Whirlpool Corporation. With these businesses leading the way there are a number of job opportunities available in fields such as manufacturing and engineering. Furthermore, residents can benefit from low taxes and great educational options both public and private allowing for quality education within close proximity of home. With its attractive cost of living and abundant job opportunities Coloma Charter Township is a great place to call home!
Coloma charter has an unemployment rate of 5.8%. The US average is 6.0%.
Coloma charter has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Coloma charter
- The Sales Tax Rate for Coloma charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Coloma charter 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 Coloma charter
- The average income of a Coloma charter resident is $34,137 a year. The US average is $37,638 a year.
- The Median household income of a Coloma charter resident is $58,417 a year. The US average is $69,021 a year.