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Fort Gratiot charter, MI Economy


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Fort Gratiot charter township, MI is an area located in the eastern part of Michigan near Port Huron. It is a coastal town with many attractions including shopping centers, parks, and beaches. Companies that call Fort Gratiot charter township home include Walmart, Lowe's Home Improvement, Verizon Wireless, and Pet Supplies Plus. With its proximity to Lake Huron and other waterways it has become a hub for boating activities as well as fishing. The local economy is driven by retail spending from tourists visiting the town and from people living in the surrounding areas who come to shop or dine at Fort Gratiot鈥檚 many restaurants and eateries. The cost of living in the area is relatively low with 2 bedroom rent being only $1,150 compared to $1,430 nationally. Additionally, grocery costs index locally is 94 versus 100 in the US making food more affordable for locals.

Fort Gratiot charter has an unemployment rate of 4.5%. The US average is 6.0%.

Fort Gratiot charter has seen the job market decrease by -10.5% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.

Tax Rates for Fort Gratiot charter
- The Sales Tax Rate for Fort Gratiot charter is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Gratiot charter is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.

Income and Salaries for Fort Gratiot charter
- The average income of a Fort Gratiot charter resident is $39,037 a year. The US average is $37,638 a year.
- The Median household income of a Fort Gratiot charter resident is $73,990 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFort Gratiot charter, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Fort Gratiot charter
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Picked the Fort Gratiot area to retire because of the wonderful activities for seniors. Two great hospitals, quality medical care. Very good shopping, great bus  More

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