Pierson township, MI Economy


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Pierson township, MI is a great place to live, work, and play. It has plenty of amenities including local businesses such as Pierson General Store, Pierson Pizza Hut and Kingman's Hardware Store. The cost of living in Pierson Township is very affordable with 2 bedroom rent costing around $1,010 compared to the US average of $1,430. Groceries are also reasonably priced in Pierson Township with a Grocery Cost Index of 94 compared to 100 nationally. With lower costs for housing and groceries combined with its close proximity to many attractions, Pierson Township makes an ideal home for those looking for an affordable place to settle down.

Pierson township has an unemployment rate of 5.8%. The US average is 6.0%.

Pierson township has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 32.4%, which is lower than the US average of 33.5%.

Tax Rates for Pierson township
- The Sales Tax Rate for Pierson township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pierson 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 Pierson township
- The average income of a Pierson township resident is $27,215 a year. The US average is $28,555 a year.
- The Median household income of a Pierson township resident is $68,825 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPierson township, MichiganUnited States
  5.86
  -6.0%-6.2%
  32.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,311$37,638
  $68,825$69,021
  $74,219$85,028
  Population by Occupation
  2.1%1.2%
  0.0%0.5%
  16.9%6.8%
  20.2%10.0%
  4.2%2.5%
  8.0%11.0%
  5.5%4.8%
  1.5%0.8%
  0.0%1.9%
  1.0%4.7%
  0.1%1.9%
  2.4%7.6%
  0.0%0.1%
  1.7%4.2%
  7.2%9.3%
  15.9%14.0%
  2.1%2.1%
  3.9%7.0%
  5.0%4.8%
  2.4%4.7%
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