Greenwood Township (Clare Cnty), MI is an attractive area for businesses to set up shop. The cost of living in this area is low, with 2 bedroom rents coming in at $760 compared to a national average of $1,430. Grocery costs are also lower than the national average, making it a great place for families and businesses alike. The area is home to several companies such as SmartMark Solutions, Northern Michigan Bank & Trust, and Environmental Products Incorporated. These businesses benefit from the low cost of living and easily accessible resources like transportation networks and skill labor force. The combination of these advantages make Greenwood Township (Clare Cnty), MI an ideal locale for growing a business.
Greenwood township (Clare County) has an unemployment rate of 8.1%. The US average is 6.0%.
Greenwood 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 Greenwood township (Clare County)
- The Sales Tax Rate for Greenwood township (Clare County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood 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 Greenwood township (Clare County)
- The average income of a Greenwood township (Clare County) resident is $23,933 a year. The US average is $37,638 a year.
- The Median household income of a Greenwood township (Clare County) resident is $50,966 a year. The US average is $69,021 a year.