Watervliet township, MI Economy


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Watervliet Township, MI is a great community located in Berrien County. It is known for its low rent costs and affordable grocery prices. On average, 2 bedroom rents are about $950 compared to the national average of $1430. Grocery costs are also much lower than the national index score of 100, with Watervliet Township scoring 92. The area is home to several local businesses such as Watervliet Car Service, Watervliet Veterinary Clinic, and Beechwood Market & Deli. All these businesses offer quality goods and services to the community at an affordable cost.

Watervliet township has an unemployment rate of 5.8%. The US average is 6.0%.

Watervliet township has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 25.4%, which is lower than the US average of 33.5%.

Tax Rates for Watervliet township
- The Sales Tax Rate for Watervliet township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Watervliet 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 Watervliet township
- The average income of a Watervliet township resident is $19,545 a year. The US average is $28,555 a year.
- The Median household income of a Watervliet township resident is $49,483 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWatervliet township, MichiganUnited States
  5.86
  -6.5%-6.2%
  25.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,030$37,638
  $49,483$69,021
  $50,897$85,028
  Population by Occupation
  2.8%1.2%
  0.0%0.5%
  6.4%6.8%
  23.3%10.0%
  0.0%2.5%
  14.3%11.0%
  2.5%4.8%
  0.0%0.8%
  1.0%1.9%
  1.2%4.7%
  0.0%1.9%
  11.4%7.6%
  0.0%0.1%
  7.4%4.2%
  4.5%9.3%
  11.2%14.0%
  7.3%2.1%
  3.4%7.0%
  2.0%4.8%
  1.3%4.7%
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