Greenwood township (Oceana County), MI Economy


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United States / Michigan / No Metro Area / Oceana County / Greenwood township (Oceana County) / Zip Codes
Greenwood Township (Oceana County), MI is a small community in Michigan situated near the picturesque Lake Michigan. It is known for its tranquil atmosphere and beautiful scenery. Rent for two-bedroom apartments here averages $930, while it is typically $1,430 nationally. The grocery cost index here is 92 compared to 100 for the US as a whole.
The Township has a few local companies such as Bergman’s Dairy Farm and Green Haven Farms, both of which are popular amongst locals. It also has plenty of attractions like Oceana Beach & Park, Silver Lake Sand Dunes State Park, and Grand Haven State Park. All of these offer unique activities that will give visitors an unforgettable experience.

Greenwood township (Oceana County) has an unemployment rate of 8.0%. The US average is 6.0%.

Greenwood township (Oceana County) has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.0%, which is lower than the US average of 33.5%.

Tax Rates for Greenwood township (Oceana County)
- The Sales Tax Rate for Greenwood township (Oceana County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Greenwood township (Oceana 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 (Oceana County)
- The average income of a Greenwood township (Oceana County) resident is $17,071 a year. The US average is $28,555 a year.
- The Median household income of a Greenwood township (Oceana County) resident is $42,337 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGreenwood township (Oceana County), MichiganUnited States
  86
  -5.1%-6.2%
  22.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $20,451$37,638
  $42,337$69,021
  $48,287$85,028
  Population by Occupation
  4.4%1.2%
  0.0%0.5%
  13.4%6.8%
  11.8%10.0%
  1.3%2.5%
  10.2%11.0%
  14.0%4.8%
  0.5%0.8%
  2.7%1.9%
  7.1%4.7%
  3.1%1.9%
  2.0%7.6%
  0.0%0.1%
  7.8%4.2%
  5.4%9.3%
  7.8%14.0%
  0.5%2.1%
  5.4%7.0%
  1.5%4.8%
  1.1%4.7%
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