Sherman Township (Isabella Cnty), MI is a vibrant and economically sound community. The cost of living is lower than the national average as evidenced by the 2 Bedroom Rent in Sherman township (Isabella Cnty) being $900 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Sherman township (Isabella Cnty) is 92 versus 100 in the US. This town has a number of prominent companies such as Isabella Bank, Central Michigan University Research Corporation, Mcdonalds Construction Company, and Farmers Insurance Group. These businesses offer local residents a range of job opportunities and amenities that contribute to the overall well-being of the area.
Sherman township (Isabella County) has an unemployment rate of 5.5%. The US average is 6.0%.
Sherman township (Isabella County) has seen the job market decrease by -9.2% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Sherman township (Isabella County)
- The Sales Tax Rate for Sherman township (Isabella County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman township (Isabella 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 Sherman township (Isabella County)
- The average income of a Sherman township (Isabella County) resident is $23,329 a year. The US average is $37,638 a year.
- The Median household income of a Sherman township (Isabella County) resident is $59,796 a year. The US average is $69,021 a year.