Watertown charter township, Michigan 

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Economy in Watertown charter township, Michigan

Watertown charter township has an unemployment rate of 3.3%. The US average is 3.9%.

Watertown charter township has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 33.7%, which is higher than the US average of 33.5%.

Tax Rates for Watertown charter township
- The Sales Tax Rate for Watertown charter township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Watertown charter 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 Watertown charter township
- The average income of a Watertown charter township resident is $37,293 a year. The US average is $28,555 a year.
- The Median household income of a Watertown charter township resident is $76,445 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYWatertown charter township, MichiganUnited States
  3.8%3.7%
  1.1%1.6%
  33.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $39,328$31,177
  $82,083$57,652
  $98,051$70,850
  POPULATION BY OCCUPATION
  2.7%1.3%
  0.0%0.6%
  3.1%6.2%
  13.7%10.4%
  1.9%2.7%
  9.9%11.6%
  2.4%4.1%
  0.0%0.9%
  2.6%2.1%
  8.5%4.7%
  0.4%1.9%
  8.0%6.7%
  0.0%0.1%
  4.9%4.3%
  10.3%9.3%
  8.9%13.8%
  0.0%2.2%
  5.7%7.4%
  5.2%4.9%
  11.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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