Monitor charter, MI Economy


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Monitor Charter Township is located in Michigan and its population is approximately 22,000 people. The town provides a variety of activities for residents such as music festivals, farmers markets, and art galleries. The two bedroom rent in the area is $920 which is much lower than the US average of $1430. Additionally, the grocery cost index in Monitor Charter Township is 90 which is 10 points below the national average. Some popular companies located in this area include Meijer Pharmacy, Tanger Outlets, and Celebration Cinemas. People living here enjoy outdoor activities like visiting parks and lakes while still having access to city amenities.

Monitor charter has an unemployment rate of 6.4%. The US average is 6.0%.

Monitor charter has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 19.0%, which is lower than the US average of 33.5%.

Tax Rates for Monitor charter
- The Sales Tax Rate for Monitor charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Monitor 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 Monitor charter
- The average income of a Monitor charter resident is $35,143 a year. The US average is $37,638 a year.
- The Median household income of a Monitor charter resident is $70,405 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMonitor charter, MichiganUnited States
  6.46
  -6.1%-6.2%
  19.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,143$37,638
  $70,405$69,021
  $88,458$85,028
  Population by Occupation
  1.5%1.2%
  0.0%0.5%
  8.6%6.8%
  21.1%10.0%
  3.5%2.5%
  8.5%11.0%
  1.8%4.8%
  1.6%0.8%
  1.2%1.9%
  2.3%4.7%
  0.0%1.9%
  3.3%7.6%
  0.0%0.1%
  1.0%4.2%
  9.4%9.3%
  19.7%14.0%
  2.1%2.1%
  3.7%7.0%
  6.7%4.8%
  4.0%4.7%
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