Crystal Falls township, MI Economy


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United States / Michigan / No Metro Area / Iron County / Crystal Falls township / Zip Codes
Crystal Falls Township, MI is a vibrant city located on the state's western border. It is home to many local businesses and services, including grocery stores and restaurants. The cost of living in Crystal Falls is quite affordable, with average 2 bedroom rent being $790 compared to the US average of $1,430. Similarly, the Grocery Cost Index in Crystal Falls township is 91, versus the national average of 100. This makes it an ideal location for those looking for an affordable place to live without sacrificing quality of life. Local companies include several small businesses such as cafes and boutiques as well as national chain stores like Walmart and Target.

Crystal Falls township has an unemployment rate of 6.8%. The US average is 6.0%.

Crystal Falls township has seen the job market decrease by -5.4% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Crystal Falls township
- The Sales Tax Rate for Crystal Falls township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Crystal Falls township 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 Crystal Falls township
- The average income of a Crystal Falls township resident is $42,559 a year. The US average is $37,638 a year.
- The Median household income of a Crystal Falls township resident is $42,452 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCrystal Falls township, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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