Spring Lake Township, MI is an ideal place for those looking to find a home with an affordable cost of living. The average two bedroom rent in Spring Lake township is $1,120 per month, which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Spring Lake township is 98 compared to 100 in the US, making this an attractive location for those looking to save money. Furthermore, the area has a variety of local businesses ranging from grocery stores such as JB's Market and American Dairy Queen Corp to professional services like Access Financial Group and S & G Lawn Care and Sprinklers.
Spring Lake township has an unemployment rate of 4.3%. The US average is 6.0%.
Spring Lake township has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 36.9%, which is higher than the US average of 33.5%.
Tax Rates for Spring Lake township
- The Sales Tax Rate for Spring Lake township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Lake 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 Spring Lake township
- The average income of a Spring Lake township resident is $31,665 a year. The US average is $28,555 a year.
- The Median household income of a Spring Lake township resident is $73,600 a year. The US average is $69,021 a year.