Sherman Township (St. Joseph County), MI is a small community located in Southwest Michigan. It is known for its close-knit neighborhoods and affordable housing options. The average two-bedroom rent in the region is $810, making it much more affordable than the national two-bedroom rent of $1,430. This makes Sherman a great place to live on a budget. In terms of grocery costs, indices show that prices are slightly lower than the national average, with an index rating of 93 compared to 100 nationwide. Major local companies include Michigan Brass Company, Phoenix Tool & Die Co., and Titan Industries Inc., as well as many smaller businesses in the area. Overall, residents enjoy the high quality of life that Sherman Township offers at an incredibly affordable price point.
Sherman township (St. Joseph County) has an unemployment rate of 4.9%. The US average is 6.0%.
Sherman township (St. Joseph County) has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Sherman township (St. Joseph County)
- The Sales Tax Rate for Sherman township (St. Joseph County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sherman township (St. Joseph 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 (St. Joseph County)
- The average income of a Sherman township (St. Joseph County) resident is $26,632 a year. The US average is $28,555 a year.
- The Median household income of a Sherman township (St. Joseph County) resident is $71,094 a year. The US average is $69,021 a year.