Summerfield Township (Monroe Cnty), MI is a great place to live due to its low cost of living. The average 2 bedroom rent in Summerfield township is $1,050 which is significantly lower than the US average of $1,430. Grocery Cost Index in Summerfield township is also lower compared to the US, with a score of 95 versus 100. This makes it great for those on a budget. Local companies and employers in the area include Monroe Bank & Trust, La-Z-Boy Inc., and General Dynamics Land Systems. These companies provide employment opportunities for residents while contributing to the local economy. In comparison to the US average, Summerfield Township’s rent and grocery costs are much lower making it an attractive option for those looking for affordable housing and groceries.
Summerfield township (Monroe County) has an unemployment rate of 5.6%. The US average is 6.0%.
Summerfield township (Monroe County) has seen the job market increase by 0.9% 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 Summerfield township (Monroe County)
- The Sales Tax Rate for Summerfield township (Monroe County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Summerfield township (Monroe 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 Summerfield township (Monroe County)
- The average income of a Summerfield township (Monroe County) resident is $25,832 a year. The US average is $28,555 a year.
- The Median household income of a Summerfield township (Monroe County) resident is $83,125 a year. The US average is $69,021 a year.