Polkton charter, MI Economy


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Polkton Charter Township, MI is a great place to call home. With 2 bedroom rent at $940 and a Grocery Cost Index of 96, compared to the US average of 100, it is an affordable option for many individuals and families. Companies like Red Hills Farms, R&R Excavating and Haywoods Greenhouse offer employment in the area while local attractions such as the Sandhill Lake Park, Polkton Township Library and Van Buren County Fairgrounds provide plenty of recreational activities. With so much going on in this small town it makes for a great place to live.

Polkton charter has an unemployment rate of 4.3%. The US average is 6.0%.

Polkton charter has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.

Tax Rates for Polkton charter
- The Sales Tax Rate for Polkton charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Polkton 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 Polkton charter
- The average income of a Polkton charter resident is $35,100 a year. The US average is $37,638 a year.
- The Median household income of a Polkton charter resident is $93,594 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPolkton charter, MichiganUnited States
  4.36
  -6.0%-6.2%
  36.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,100$37,638
  $93,594$69,021
  $98,750$85,028
  Population by Occupation
  3.7%1.2%
  0.0%0.5%
  9.2%6.8%
  23.8%10.0%
  3.3%2.5%
  10.3%11.0%
  2.2%4.8%
  0.6%0.8%
  0.6%1.9%
  1.5%4.7%
  1.1%1.9%
  6.7%7.6%
  0.6%0.1%
  4.0%4.2%
  10.4%9.3%
  10.4%14.0%
  3.5%2.1%
  5.4%7.0%
  1.1%4.8%
  1.7%4.7%
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