Grant Township (Newaygo County) in Michigan is an attractive place to live due to its low cost of living. The average 2 bedroom rent in Grant Township is $1,070 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Grant Township is 93 compared to 100 across the US. This means that food costs are also significantly lower in this area. Local businesses include Amish Country Store and Meyers Brothers Dairy Farm, both popular places to shop for basics and home-made items. It’s easy to see why people are drawn to Grant Township with its affordable rent and cost of living.
Grant township has an unemployment rate of 6.0%. The US average is 6.0%.
Grant township has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Grant township
- The Sales Tax Rate for Grant township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grant 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 Grant township
- The average income of a Grant township resident is $24,069 a year. The US average is $37,638 a year.
- The Median household income of a Grant township resident is $60,714 a year. The US average is $69,021 a year.