Independence charter township, MI is a beautiful area located near Detroit. It offers great opportunities for businesses to thrive as well as for individuals who want to experience the convenience of city life. Notable companies in the area include Meijer and Walmart, which provide residents with a wide selection of products at competitive prices. Furthermore, there is an abundance of restaurants and other activities that make this area ideal for families or those looking for an exciting nightlife. In terms of cost of living, rent in Independence charter township is slightly higher than the US average; however, grocery costs are comparable at 99 index points versus 100 in the US. This makes it an affordable option for many individuals seeking good quality housing without breaking the bank.
Independence charter has an unemployment rate of 4.1%. The US average is 6.0%.
Independence charter has seen the job market decrease by -10.6% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Independence charter
- The Sales Tax Rate for Independence charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Independence 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 Independence charter
- The average income of a Independence charter resident is $46,747 a year. The US average is $37,638 a year.
- The Median household income of a Independence charter resident is $97,154 a year. The US average is $69,021 a year.