Geneva township (Van Buren County), MI Economy


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Geneva Township (Van Buren Cnty), MI is an attractive place to live with affordable rent prices. The 2 bedroom rental rate in this area is $890, which is significantly less than the US average of $1,430. Additionally, grocery costs are cheaper here too as the cost index is 95 versus 100 in the US. There are also several local businesses found here such as Bear Paw Contracting, VanderLaan Electrical, and Seward Landscape & Design. These companies provide a variety of products and services to both residents and visitors of Geneva Township throughout Van Buren County.

Geneva township (Van Buren County) has an unemployment rate of 6.6%. The US average is 6.0%.

Geneva township (Van Buren County) has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.

Tax Rates for Geneva township (Van Buren County)
- The Sales Tax Rate for Geneva township (Van Buren County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Geneva township (Van Buren 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 Geneva township (Van Buren County)
- The average income of a Geneva township (Van Buren County) resident is $26,535 a year. The US average is $37,638 a year.
- The Median household income of a Geneva township (Van Buren County) resident is $72,120 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeneva township (Van Buren County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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