Newton Township in Calhoun County, Michigan is a small town with a low cost of living compared to the United States. Rent for two-bedroom apartments is only $1,020 per month, while it averages $1,430 nationally. The Grocery Cost Index (GCI) is also lower than national standards; Newton has a GCI score of 94 versus the 100 found elsewhere in the US. The local economy is supported by businesses such as Goodwin Farms Dairy Store and Countryside Landscaping & Maintenance. With its inexpensive rent and low GCI score, Newton Township offers residents an attractive budget-friendly option for housing and groceries.
Newton township (Calhoun County) has an unemployment rate of 6.4%. The US average is 6.0%.
Newton township (Calhoun County) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Newton township (Calhoun County)
- The Sales Tax Rate for Newton township (Calhoun County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newton township (Calhoun 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 Newton township (Calhoun County)
- The average income of a Newton township (Calhoun County) resident is $39,458 a year. The US average is $37,638 a year.
- The Median household income of a Newton township (Calhoun County) resident is $78,025 a year. The US average is $69,021 a year.