Sherman Township (Newaygo County), MI is a great place to live and work. The two bedroom rent is quite affordable at $980, in comparison to the US average of $1,430. Furthermore the Grocery Cost Index of 92 for Sherman Township is lower than the US average of 100. This means that groceries cost less in Sherman Township than elsewhere. The local economy benefits from companies such as Alliant Energy, Old Republic Title Company, Newaygo County Medical Care Facility, and many others. These businesses provide jobs and economic stability to the township which helps make it a great place to live.
Sherman township (Newaygo County) has an unemployment rate of 6.0%. The US average is 6.0%.
Sherman township (Newaygo 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 29.7%, which is lower than the US average of 33.5%.
Tax Rates for Sherman township (Newaygo County)
- The Sales Tax Rate for Sherman township (Newaygo County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman township (Newaygo 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 (Newaygo County)
- The average income of a Sherman township (Newaygo County) resident is $31,202 a year. The US average is $37,638 a year.
- The Median household income of a Sherman township (Newaygo County) resident is $56,250 a year. The US average is $69,021 a year.