Posen Township, MI is located in Presque Isle County and is a great place to live for those seeking affordability. The average two bedroom rent in Posen Township is $840 compared to the US average of $1,430, making it an attractive destination for budget-minded renters. Additionally, the grocery cost index in Posen Township is 91 versus 100 in the US, further contributing to its affordability. As a result of its competitive economical advantages, Posen Township has seen an influx of new companies and industries such as Nature's Quality Foods and Presque Isle Electric Cooperative. These businesses bring employment opportunities to the area while also providing goods and services that create convenience for locals. With all these factors combined, Posen Township is truly a great place to call home.
Posen township has an unemployment rate of 9.5%. The US average is 6.0%.
Posen township has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 11.8%, which is lower than the US average of 33.5%.
Tax Rates for Posen township
- The Sales Tax Rate for Posen township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Posen 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 Posen township
- The average income of a Posen township resident is $20,473 a year. The US average is $28,555 a year.
- The Median household income of a Posen township resident is $48,333 a year. The US average is $69,021 a year.