Montague township, MI Economy


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Montague Township, MI is a great place to call home. It has plenty of amenities such as grocery stores, restaurants, parks, and recreational activities to keep residents entertained. The two bedroom rent in Montague Township is quite affordable at just $880 a month, much lower than the US average of $1,430. The Grocery Cost Index in Montague Township is 94 compared to 100 in the US, making it a great place to save money even on everyday necessities. \nLiving in Montague Township also has its social benefits: there are several local businesses that employ residents and contribute to the economy. You can find local shops like Northshore Outfitters for outdoor gear or enjoy a meal at Heidelberg Restaurant. For those looking for employment opportunities, companies like Fresh Kote Corporation, Mason County Agri-Business Inc., and Petoskey Plastics offer jobs in the area. With so many great benefits and amenities, there’s no wonder why more people are choosing Montague Township as their new home!

Montague township has an unemployment rate of 7.5%. The US average is 6.0%.

Montague township has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Montague township
- The Sales Tax Rate for Montague township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Montague 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 Montague township
- The average income of a Montague township resident is $22,321 a year. The US average is $28,555 a year.
- The Median household income of a Montague township resident is $69,028 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMontague township, MichiganUnited States
  7.56
  -7.3%-6.2%
  26.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,500$37,638
  $69,028$69,021
  $82,852$85,028
  Population by Occupation
  3.4%1.2%
  0.0%0.5%
  17.7%6.8%
  27.7%10.0%
  0.3%2.5%
  7.3%11.0%
  6.1%4.8%
  0.6%0.8%
  1.6%1.9%
  4.2%4.7%
  2.4%1.9%
  3.9%7.6%
  0.0%0.1%
  2.8%4.2%
  2.1%9.3%
  8.5%14.0%
  1.2%2.1%
  5.0%7.0%
  1.9%4.8%
  3.4%4.7%
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