Woodland township, MI Economy


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Woodland township, MI is a great place to live for anyone looking for an affordable lifestyle. The average 2 bedroom rent is only $860 compared to the national average of $1,430. Grocery costs are also relatively affordable in Woodland township with a grocery cost index of 93 versus the US index of 100.
The township itself offers plenty of local amenities and attractions that make it a great place to live. With miles of hiking trails and plenty of outdoor activities, there is something for everyone to enjoy in Woodland township. The area also boasts some popular local businesses such as D&M Cooperage and Simons Brewery. For those who love theater, the historic Woodland Theater remains a constant favorite among locals and visitors alike.

Woodland township has an unemployment rate of 4.9%. The US average is 6.0%.

Woodland township has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 35.3%, which is higher than the US average of 33.5%.

Tax Rates for Woodland township
- The Sales Tax Rate for Woodland township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodland 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 Woodland township
- The average income of a Woodland township resident is $28,444 a year. The US average is $28,555 a year.
- The Median household income of a Woodland township resident is $67,596 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyWoodland township, MichiganUnited States
  4.96
  -6.0%-6.2%
  35.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $48,806$37,638
  $67,596$69,021
  $91,964$85,028
  Population by Occupation
  10.0%1.2%
  0.0%0.5%
  6.1%6.8%
  21.7%10.0%
  2.7%2.5%
  7.9%11.0%
  5.8%4.8%
  0.2%0.8%
  4.9%1.9%
  5.0%4.7%
  0.2%1.9%
  4.7%7.6%
  0.0%0.1%
  2.9%4.2%
  3.6%9.3%
  9.2%14.0%
  1.3%2.1%
  4.3%7.0%
  4.7%4.8%
  5.0%4.7%
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