North Branch township, MI Economy


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North Branch Township, MI is a great place to live for those looking for an affordable rental. The average 2-bedroom rent in North Branch Township, MI is $1,100 per month which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in North Branch Township is 94 compared to 100 in the US. This makes it a great option for those who are looking to save money on their grocery bills.
The city itself has plenty of attractions and businesses that add to its charm. Among them are businesses such as Country Way Store and North Branch Automotive Services, both of which have been helping residents since the late '70s. For those looking for outdoor attractions, there's Michigan's Adventure Park and Flynns Lake Beach Park, both of which offer plenty of activities for families or individuals alike. In short, North Branch Township offers a great combination of affordability and convenience that make it perfect for anyone looking for a new home.

North Branch township has an unemployment rate of 4.9%. The US average is 6.0%.

North Branch township has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.

Tax Rates for North Branch township
- The Sales Tax Rate for North Branch township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Branch 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 North Branch township
- The average income of a North Branch township resident is $22,538 a year. The US average is $28,555 a year.
- The Median household income of a North Branch township resident is $67,976 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Branch township, MichiganUnited States
  4.96
  -10.4%-6.2%
  33.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $37,425$37,638
  $67,976$69,021
  $69,574$85,028
  Population by Occupation
  1.9%1.2%
  0.0%0.5%
  10.3%6.8%
  23.4%10.0%
  1.3%2.5%
  16.6%11.0%
  5.5%4.8%
  0.8%0.8%
  0.0%1.9%
  3.4%4.7%
  2.4%1.9%
  1.2%7.6%
  0.0%0.1%
  2.4%4.2%
  6.9%9.3%
  13.8%14.0%
  0.2%2.1%
  4.4%7.0%
  3.7%4.8%
  1.9%4.7%
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