Oronoko charter, MI Economy


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Oronoko charter township, MI is a great place to live with an affordable cost of living. The average 2 bedroom rent in the area is $910 which is much lower than the national average of $1,430. Prices for groceries are also low, having a Grocery Cost Index of 93 versus 100 in the US. Some popular local companies in Oronoko charter township include SSC Technologies Inc., Michiana Machine & Fabrication Inc., and Premier Tool & Die Corp. All these features combined make this area a great place to live without paying too much.

Oronoko charter has an unemployment rate of 5.8%. The US average is 6.0%.

Oronoko charter 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 25.4%, which is lower than the US average of 33.5%.

Tax Rates for Oronoko charter
- The Sales Tax Rate for Oronoko charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Oronoko 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 Oronoko charter
- The average income of a Oronoko charter resident is $27,479 a year. The US average is $37,638 a year.
- The Median household income of a Oronoko charter resident is $56,667 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOronoko charter, MichiganUnited States
  5.86
  -6.5%-6.2%
  25.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,479$37,638
  $56,667$69,021
  $73,024$85,028
  Population by Occupation
  0.6%1.2%
  0.0%0.5%
  2.9%6.8%
  10.4%10.0%
  0.6%2.5%
  6.6%11.0%
  3.0%4.8%
  0.8%0.8%
  2.5%1.9%
  1.5%4.7%
  1.2%1.9%
  1.4%7.6%
  0.0%0.1%
  2.6%4.2%
  30.4%9.3%
  16.3%14.0%
  2.2%2.1%
  5.9%7.0%
  9.1%4.8%
  1.7%4.7%
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