Sherwood Township, MI is a great place to live for those looking for an affordable rental with plenty of amenities and attractions nearby. The average two-bedroom rent here is $860 compared to the US average of $1,430, making it ideal for those on a budget. Additionally, the grocery cost index in Sherwood Township is 91 versus 100 in the US, making it a great value for families. Local businesses and attractions include Cedar View Golf Course, The Mitten Brewing Company, and The Sherwood Forest Campground & Park. With so much to see and do within close proximity, Sherwood Township promises to be a wonderful place to call home.
Sherwood township has an unemployment rate of 5.0%. The US average is 6.0%.
Sherwood township has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.
Tax Rates for Sherwood township
- The Sales Tax Rate for Sherwood township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sherwood 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 Sherwood township
- The average income of a Sherwood township resident is $20,594 a year. The US average is $28,555 a year.
- The Median household income of a Sherwood township resident is $52,000 a year. The US average is $69,021 a year.