Eaton Rapids Township, MI is a great place to live due to its affordability. With a 2 bedroom rent being nearly $420 cheaper than the US average, it easily makes living in the township more affordable for residents. In addition to rent prices, Eaton Rapids Township has a lower cost of living due to its grocery cost index being 94 versus 100 in the US. Not only is Eaton Rapids Township an affordable place to live, it also has many local businesses that promote economic growth. Companies such as Schrader Electric Supply Company and B&B Excavating are popular local establishments that have contributed much of the town's success.
Eaton Rapids township has an unemployment rate of 4.9%. The US average is 6.0%.
Eaton Rapids township has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Eaton Rapids township
- The Sales Tax Rate for Eaton Rapids township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Eaton Rapids 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 Eaton Rapids township
- The average income of a Eaton Rapids township resident is $30,645 a year. The US average is $28,555 a year.
- The Median household income of a Eaton Rapids township resident is $81,713 a year. The US average is $69,021 a year.