Hersey township, MI is a small town located in Michigan. The rent for two bedroom apartments there is much lower than the national average of $1,430 at only $850. Grocery shopping is also cheaper, as the Grocery Cost Index in Hersey township is 90 versus 100 in the US. Local businesses that make up Hersey township's economy include Hersey General Store, Joanna's Boutique, and TC Landscaping Services. Overall, living in Hersey township can be more affordable compared to other parts of the US due to its lower housing prices and grocery costs.
Hersey township has an unemployment rate of 5.8%. The US average is 6.0%.
Hersey township has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Hersey township
- The Sales Tax Rate for Hersey township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hersey 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 Hersey township
- The average income of a Hersey township resident is $18,518 a year. The US average is $28,555 a year.
- The Median household income of a Hersey township resident is $48,854 a year. The US average is $69,021 a year.