Grant township (Clare County), MI Economy


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United States / Michigan / No Metro Area / Clare County / Grant township (Clare County) / Zip Codes
Grant Township (Clare Cnty), MI is a suburb located in Michigan's lower peninsula. It is known for its affordable housing, with the average 2 bedroom rent being $820 compared to the US average of $1430. Additionally, Grant township has a relatively low cost of living, with the Grocery Cost Index being 91 versus 100 in the US. Some popular companies in Grant Township include Blue Cross Blue Shield of Michigan, Gerber Products Co., and MidMichigan Health. Other cost of living aspects to consider are utilities like electricity and gas which tend to be around 10% lower than national averages according to Sperling's Best Places. Overall, living in Grant Township (Clare Cnty), MI offers residents a great balance between affordability and quality of life.

Grant township (Clare County) has an unemployment rate of 8.1%. The US average is 6.0%.

Grant township (Clare County) has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Grant township (Clare County)
- The Sales Tax Rate for Grant township (Clare County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grant township (Clare 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 Grant township (Clare County)
- The average income of a Grant township (Clare County) resident is $21,383 a year. The US average is $28,555 a year.
- The Median household income of a Grant township (Clare County) resident is $58,924 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrant township (Clare County), MichiganUnited States
  8.16
  -5.9%-6.2%
  30.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,277$37,638
  $58,924$69,021
  $66,895$85,028
  Population by Occupation
  7.7%1.2%
  1.4%0.5%
  9.3%6.8%
  22.0%10.0%
  2.9%2.5%
  3.5%11.0%
  1.5%4.8%
  2.0%0.8%
  0.7%1.9%
  1.9%4.7%
  0.0%1.9%
  4.1%7.6%
  0.0%0.1%
  3.6%4.2%
  6.3%9.3%
  15.0%14.0%
  0.7%2.1%
  7.9%7.0%
  3.7%4.8%
  5.8%4.7%
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