Vermontville township, MI is a small township that offers affordable living. The average two bedroom rent in Vermontville township is $1,000 which is significantly lower than the US average of $1,430. Furthermore, the local Grocery Cost Index in Vermontville township was recorded at 93 versus the national index of 100. This means that groceries are even more affordable in this area compared to other places in the country. There are many local companies that contribute to the economy and local culture of Vermontville such as Silverwood Dairy Farms, Inc., Peacock's Automotive Repair, Martin's Home Care Services, and Taylor Construction LLC. All these businesses are locally owned and managed and serve the community by providing quality goods and services.
Vermontville township has an unemployment rate of 4.9%. The US average is 6.0%.
Vermontville 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 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Vermontville township
- The Sales Tax Rate for Vermontville township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vermontville 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 Vermontville township
- The average income of a Vermontville township resident is $19,623 a year. The US average is $28,555 a year.
- The Median household income of a Vermontville township resident is $61,630 a year. The US average is $69,021 a year.