Fraser Township, MI is a great place to live and work. It has an affordable cost of living with two bedroom rent at $900 compared to the US average of $1,430. Grocery cost index in Fraser township is also lower than the national average at 90 versus 100. The township has multiple local businesses that make it a vibrant community, such as Michigan State Computer Services which provides IT services for local companies, and Red Tail Ridge Brewing Company which offers craft beers and local food selections. Additionally, there are several small shops located around town that offer unique items from locally owned stores or farmers markets. This adds to the charm of Fraser Township and makes it an attractive destination for those looking for an affordable and vibrant place to live.
Fraser township (Bay County) has an unemployment rate of 6.4%. The US average is 6.0%.
Fraser township (Bay County) has seen the job market decrease by -6.1% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.
Tax Rates for Fraser township (Bay County)
- The Sales Tax Rate for Fraser township (Bay County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fraser township (Bay 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 Fraser township (Bay County)
- The average income of a Fraser township (Bay County) resident is $32,106 a year. The US average is $37,638 a year.
- The Median household income of a Fraser township (Bay County) resident is $59,545 a year. The US average is $69,021 a year.