Republic township, MI Economy


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Republic township, MI is a small town located in Michigan. It offers an excellent quality of life with affordable housing and costs of living. The average 2 bedroom rent is $930 compared to the US average of $1,430. Groceries are also relatively cheaper here at 89 versus 100 in the US. There are several local businesses in town such as G&K Meats, Missy's Cafe, Republic Township Family Dental, and Mountain View Farm Market which provide goods and services for locals. Residents can also enjoy many outdoor activities around the area such as fishing and hiking.

Republic township has an unemployment rate of 5.9%. The US average is 6.0%.

Republic township has seen the job market decrease by -5.9% 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 Republic township
- The Sales Tax Rate for Republic township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Republic 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 Republic township
- The average income of a Republic township resident is $27,993 a year. The US average is $37,638 a year.
- The Median household income of a Republic township resident is $41,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRepublic township, 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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