Deerfield Township (Lapeer Cnty), MI is a small rural community located in the eastern part of the state. It's known for its close knit neighborhoods and friendly atmosphere, making it an ideal place to live. The economy of Deerfield Township is based mainly on agriculture and a few local companies such as Lapeer Steel & Machine, Stang Manufacturing, and JK Industrial. The cost of living in Deerfield Township is relatively low compared to the rest of Michigan. Rent for a two bedroom apartment is $1,130 while the US benchmark for two bedroom rent is $1,430. The Grocery Cost Index in Deerfield Township is 93 versus 100 in the US. Residents of Deerfield Township are friendly, hardworking people who enjoy nature and outdoor activities like hunting and fishing.
Deerfield township (Lapeer County) has an unemployment rate of 4.9%. The US average is 6.0%.
Deerfield township (Lapeer County) has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.
Tax Rates for Deerfield township (Lapeer County)
- The Sales Tax Rate for Deerfield township (Lapeer County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Deerfield township (Lapeer 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 Deerfield township (Lapeer County)
- The average income of a Deerfield township (Lapeer County) resident is $19,856 a year. The US average is $28,555 a year.
- The Median household income of a Deerfield township (Lapeer County) resident is $62,219 a year. The US average is $69,021 a year.