Porter Township (Midland Cnty), MI is an attractive area for families and businesses alike. There are many local companies in the area, such as Dow Chemical, Midland Cogeneration Venture, and The Dow Corning Corporation providing a variety of job opportunities to residents. Additionally, Porter Township is well-known for its low cost of living. 2 Bedroom Rent in Porter township (Midland Cnty), MI is $1,010 compared to the US 2 Bedroom Rent of $1,430. Grocery Cost Index in Porter township (Midland Cnty), MI is 91 versus 100 in the US making it a very budget-friendly place to live.
Porter township (Midland County) has an unemployment rate of 5.2%. The US average is 6.0%.
Porter township (Midland County) has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Porter township (Midland County)
- The Sales Tax Rate for Porter township (Midland County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Porter township (Midland 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 Porter township (Midland County)
- The average income of a Porter township (Midland County) resident is $32,176 a year. The US average is $37,638 a year.
- The Median household income of a Porter township (Midland County) resident is $66,528 a year. The US average is $69,021 a year.