Ovid township (Branch County), MI Economy


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Ovid Township (Branch County) is a great place to live with affordable rent and grocery prices. Rent for a 2-bedroom apartment is around $950, which is much lower than the national average, while the Grocery Cost Index is 93 compared to the US average of 100. This makes it easier to enjoy an economical lifestyle while living in Ovid Township (Branch County). \nThe township has several businesses that cater to residents’ needs and interests. These include a local winery called Fenn Valley Vineyards, as well as restaurants like J&G Pizza, North Street Tavern & Grill, and The Ale House. There are also plenty of recreational activities for residents to enjoy such as hiking trails at Ovid Township Park or fishing at nearby Eagle Lake. \nLiving in Ovid Township (Branch County) provides residents with a peaceful atmosphere surrounded by nature yet also close enough to cities for any desired amenities. The area offers both outdoor activities and local businesses making it an ideal location for anyone looking for a laid back lifestyle away from the hustle and bustle of life in more urban areas.

Ovid township (Branch County) has an unemployment rate of 5.0%. The US average is 6.0%.

Ovid township (Branch County) has seen the job market decrease by -2.7% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Ovid township (Branch County)
- The Sales Tax Rate for Ovid township (Branch County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ovid township (Branch 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 Ovid township (Branch County)
- The average income of a Ovid township (Branch County) resident is $44,819 a year. The US average is $37,638 a year.
- The Median household income of a Ovid township (Branch County) resident is $64,084 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOvid township (Branch County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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