Elba Township (Lapeer Cnty), MI is a small township located in Michigan, and it offers its residents a high quality of life. It has a lower cost of living when compared to the United States as a whole, with two bedroom rent being $1,050 versus $1,430 in the US. Additionally, grocery costs have an index of 95 versus 100 in the US. The local economy is supported by organizations such as Lapeer County Health Department, Lapeer County Community Mental Health, and Lapeer County Economic Development Corporation. These companies provide services and assistance to those who live in Elba Township, allowing them to thrive.
Elba township (Lapeer County) has an unemployment rate of 4.9%. The US average is 6.0%.
Elba 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 Elba township (Lapeer County)
- The Sales Tax Rate for Elba township (Lapeer County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Elba 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 Elba township (Lapeer County)
- The average income of a Elba township (Lapeer County) resident is $31,420 a year. The US average is $28,555 a year.
- The Median household income of a Elba township (Lapeer County) resident is $86,042 a year. The US average is $69,021 a year.