Frankenmuth Township, MI is a small suburban city located in Saginaw County. It is home to several popular local companies and attractions, including Bronner's Christmas Wonderland, the world's largest Christmas store, and Zehnder's of Frankenmuth, a renowned restaurant that serves traditional German cuisine. Residents can also visit the nearby Frankenmuth Historical Museum or enjoy year-round activities at Frankenmuth River Place Shops. The cost of living in Frankenmuth Township is quite affordable - 2 bedroom rent averages around $830 per month, while the US average is around $1,430 per month. Additionally, the grocery cost index for the area is 96 compared to 100 in the US. With all these great amenities and low costs of living, it’s no wonder why many choose to call Frankenmuth Township home.
Frankenmuth township has an unemployment rate of 6.8%. The US average is 6.0%.
Frankenmuth township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Frankenmuth township
- The Sales Tax Rate for Frankenmuth township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Frankenmuth 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 Frankenmuth township
- The average income of a Frankenmuth township resident is $33,494 a year. The US average is $28,555 a year.
- The Median household income of a Frankenmuth township resident is $86,364 a year. The US average is $69,021 a year.