Stockbridge township, MI is an attractive place to live due to its low cost of living. Renting a two bedroom apartment in Stockbrideg township costs $1,070 on average compared to the US average of $1,430. Grocery prices are also lower in Stockbridge township as the Grocery Cost Index is 95 versus 100 in the US. The area is home to many popular companies including Michigan Sugar Company, Dow Chemical, and General Motors Powertrain. In addition to excellent job opportunities the city has much to offer in terms of recreation and entertainment. Popular attractions include Grand Woods Park, Stockbridge Historical Museum and Cinema Hollywood movie theater.
Stockbridge township has an unemployment rate of 5.2%. The US average is 6.0%.
Stockbridge township has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.5%, which is higher than the US average of 33.5%.
Tax Rates for Stockbridge township
- The Sales Tax Rate for Stockbridge township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Stockbridge 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 Stockbridge township
- The average income of a Stockbridge township resident is $35,815 a year. The US average is $37,638 a year.
- The Median household income of a Stockbridge township resident is $68,542 a year. The US average is $69,021 a year.