Liberty township (Wexford County), MI Economy


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United States / Michigan / Cadillac Metro Area / Wexford County / Liberty township (Wexford County) / Zip Codes
Liberty Township (Wexford County), MI is a great place to live. Rent for two-bedroom apartments in the area are much lower than the national average, at $850 versus $1,430 across the country. Grocery costs are also cheaper, with a grocery cost index of 90 compared to 100 in the US. The township is growing in popularity and has an array of exciting local businesses and attractions for residents to explore. Some popular destinations include Grand Traverse Pie Company, Bier Distillery, and Turtle Creek Casino & Hotel. The area also offers plenty of outdoor activities such as camping, hiking, fishing, and biking along its many trails. With its affordable rent prices and exciting amenities, Liberty Township is becoming an increasingly popular destination for those looking to settle down in Michigan.

Liberty township (Wexford County) has an unemployment rate of 6.2%. The US average is 6.0%.

Liberty township (Wexford County) has seen the job market decrease by -5.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.

Tax Rates for Liberty township (Wexford County)
- The Sales Tax Rate for Liberty township (Wexford County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Liberty township (Wexford 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 Liberty township (Wexford County)
- The average income of a Liberty township (Wexford County) resident is $23,538 a year. The US average is $37,638 a year.
- The Median household income of a Liberty township (Wexford County) resident is $53,558 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLiberty township (Wexford County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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