Gaines township, MI Economy


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Gaines township, MI is a popular city located in Genesee County. This vibrant community offers affordable rent with the average two bedroom rate being $1,090 compared to the US average of $1,430. The grocery cost index is also lower than the national average at 94 versus 100 in the US. \nThe city has a number of local companies and attractions that make it an attractive place to live. Popular businesses include Ramco Electric Inc., Auto Solutions of Flint, and Flint Tool & Die Inc., which offer a variety of services to residents. In addition, there are many recreational activities available for people of all ages, such as hiking trails at Red Water Nature Park and golfing at Flushing Valley Golf Course. There are also several cultural sites, museums, and art galleries like Sloan Museum and Longway Planetarium that draw visitors from around the area. Gaines township truly has something for everyone!

Gaines township has an unemployment rate of 7.1%. The US average is 6.0%.

Gaines 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 25.7%, which is lower than the US average of 33.5%.

Tax Rates for Gaines township
- The Sales Tax Rate for Gaines township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Gaines 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 Gaines township
- The average income of a Gaines township resident is $26,642 a year. The US average is $28,555 a year.
- The Median household income of a Gaines township resident is $74,818 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGaines township, MichiganUnited States
  7.16
  -7.4%-6.2%
  25.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $34,664$37,638
  $74,818$69,021
  $86,058$85,028
  Population by Occupation
  0.9%1.2%
  0.3%0.5%
  7.4%6.8%
  12.9%10.0%
  2.0%2.5%
  10.8%11.0%
  7.1%4.8%
  0.6%0.8%
  1.7%1.9%
  5.4%4.7%
  2.4%1.9%
  3.9%7.6%
  0.9%0.1%
  3.6%4.2%
  6.7%9.3%
  19.3%14.0%
  1.3%2.1%
  6.0%7.0%
  5.4%4.8%
  1.4%4.7%
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