Haring charter, MI Economy


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Haring charter township, MI is a great place to live with its affordable housing and low cost of living. The average two-bedroom rent in Haring charter township is $870, much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Haring Charter township is 91 versus the US index at 100, making food costs even more affordable in this area. Local businesses include grocery stores like Family Fare Supermarkets and D&W Fresh Market as well as restaurants such as Grand Rapids Brewing Company and Olive Garden. With these low costs of living along with a variety of local companies, Haring charter township is an attractive destination to call home.

Haring charter has an unemployment rate of 6.2%. The US average is 6.0%.

Haring charter has seen the job market increase by 1.2% 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 Haring charter
- The Sales Tax Rate for Haring charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Haring charter 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 Haring charter
- The average income of a Haring charter resident is $20,641 a year. The US average is $28,555 a year.
- The Median household income of a Haring charter resident is $74,733 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHaring charter, MichiganUnited States
  6.26
  -5.7%-6.2%
  30.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $30,312$37,638
  $74,733$69,021
  $74,474$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  5.0%6.8%
  27.8%10.0%
  0.2%2.5%
  10.4%11.0%
  6.4%4.8%
  1.5%0.8%
  0.0%1.9%
  0.4%4.7%
  0.3%1.9%
  3.0%7.6%
  0.0%0.1%
  3.1%4.2%
  11.9%9.3%
  11.7%14.0%
  0.0%2.1%
  13.2%7.0%
  1.8%4.8%
  2.6%4.7%
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