Hartford township, MI Economy


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Hartford township, MI is a small town in the midwestern US known for its affordability. The average two bedroom rent of $860 is significantly below the national average of $1,430. In addition, grocery costs are only 91% of the national rate. This makes Hartford an attractive destination for those on a budget.
The local economy is supported by several businesses, including Grand Valley Insurance Agency and Castle Family Dental Group. Grand Valley Insurance Agency provides insurance services such as life insurance and auto insurance to residents in the area. Castle Family Dental Group provides family dental services to local families, ensuring that Hartford residents have easy access to quality oral care services. Both companies provide employment opportunities to citizens within the community and help keep money flowing back into it.

Hartford township has an unemployment rate of 6.6%. The US average is 6.0%.

Hartford township has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.

Tax Rates for Hartford township
- The Sales Tax Rate for Hartford township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hartford 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 Hartford township
- The average income of a Hartford township resident is $20,541 a year. The US average is $28,555 a year.
- The Median household income of a Hartford township resident is $52,868 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHartford township, MichiganUnited States
  6.66
  -5.5%-6.2%
  25.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $23,068$37,638
  $52,868$69,021
  $58,571$85,028
  Population by Occupation
  7.5%1.2%
  0.0%0.5%
  14.1%6.8%
  21.5%10.0%
  1.5%2.5%
  7.1%11.0%
  6.1%4.8%
  0.5%0.8%
  0.2%1.9%
  0.0%4.7%
  0.0%1.9%
  1.4%7.6%
  0.0%0.1%
  3.3%4.2%
  1.9%9.3%
  17.7%14.0%
  1.6%2.1%
  7.6%7.0%
  5.5%4.8%
  2.6%4.7%
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