Homer Township (Midland Cnty), MI is a great place to live and work. The cost of living in the area is affordable, with a 2 bedroom apartment costing on average $930 per month. This is significantly lower than the US average which is $1,430. Additionally, grocery costs in Homer Township index at 92 compared to 100 in the US, indicating groceries are 8% cheaper in this area than the national average. Businesses in Homer Township include Michigan Sugar Company, Dow Chemical Company, and Hitec Power Protection. These local companies are leading employers in Midland County and make a positive impact on the local economy.
Homer township (Midland County) has an unemployment rate of 5.2%. The US average is 6.0%.
Homer township (Midland County) has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Homer township (Midland County)
- The Sales Tax Rate for Homer township (Midland County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Homer township (Midland 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 Homer township (Midland County)
- The average income of a Homer township (Midland County) resident is $25,343 a year. The US average is $28,555 a year.
- The Median household income of a Homer township (Midland County) resident is $89,472 a year. The US average is $69,021 a year.