Davison township, MI is a great place to live due to its affordable cost of living. According to the data provided, 2 Bedroom rent in Davison township is $1,020 which is significantly lower than the US average at $1,430. The Grocery Cost Index of 94 in Davison township versus 100 in the US further demonstrates that it is an affordable location for individuals or families looking for a new home. Local companies such as Potter Automotive Group and Great Lakes Industrial Supply Inc., provide employment opportunities in the area. Popular attractions such as Crossroads Village & Huckleberry Railroad and The Haven Ice Arena offer plenty of activities for both locals and visitors alike. All these factors make Davison township, MI a great place to call home compared to the US average.
Davison township has an unemployment rate of 7.1%. The US average is 6.0%.
Davison township has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Davison township
- The Sales Tax Rate for Davison township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Davison 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 Davison township
- The average income of a Davison township resident is $36,673 a year. The US average is $37,638 a year.
- The Median household income of a Davison township resident is $59,549 a year. The US average is $69,021 a year.