Hopkins township, MI Economy


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Hopkins Township, MI is a great place to call home. It has an affordable cost of living with a two bedroom rent of only $970 compared to the US average of $1,430. Grocery bills are also lower in Hopkins Township as they have a grocery cost index of 95 compared to 100 in the US.
Hopkins Township is home to many local businesses such as JK's Mechanical Services which specialize in HVAC repair and maintenance, AI Financial Solutions offering financial planning and advice, and Flawless Finish Auto Detailing for full automotive detailing services.
Residents can also enjoy many attractions and activities close by like the St Joseph County Historical Museum where you can explore local history or take part in one of their special events like their History Bus Tour. Other popular local activities include visiting the nearby Beaches on Lake Michigan where you can sunbathe or go fishing, going to The Escape Room where you can test your skills at solving puzzles and mysteries with friends or family, or heading over to The Green Spot Farm Market & Garden Center for some fresh produce or unique gifts.

Hopkins township has an unemployment rate of 5.1%. The US average is 6.0%.

Hopkins township has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.

Tax Rates for Hopkins township
- The Sales Tax Rate for Hopkins township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hopkins 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 Hopkins township
- The average income of a Hopkins township resident is $20,631 a year. The US average is $28,555 a year.
- The Median household income of a Hopkins township resident is $75,673 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHopkins township, MichiganUnited States
  5.16
  -4.8%-6.2%
  30.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,644$37,638
  $75,673$69,021
  $80,648$85,028
  Population by Occupation
  4.2%1.2%
  0.0%0.5%
  10.5%6.8%
  17.3%10.0%
  8.3%2.5%
  10.2%11.0%
  5.5%4.8%
  0.9%0.8%
  0.6%1.9%
  0.8%4.7%
  0.8%1.9%
  3.1%7.6%
  0.0%0.1%
  4.9%4.2%
  4.2%9.3%
  8.9%14.0%
  7.1%2.1%
  3.8%7.0%
  6.4%4.8%
  2.3%4.7%
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