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Reading township, MI Economy


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Reading township, MI is a great place to live for those looking for affordability. With an average two bedroom rental rate of $800, it is significantly lower than the US average of $1,430. Similarly, the grocery cost index in Reading township is 92 compared to 100 in the US, making it an attractive option for budget-conscious individuals.
Reading township is home to many local businesses such as Hops House Brewing Co., The Reading Apple Market, and Rooster's Family Restaurant. These family-owned establishments provide residents with goods and services while supporting local entrepreneurs.
Overall, reading Township provides its residents with a cost of living that is lower than the national average while still providing access to amenities and entertainment options. It is a great option for families or individuals who are looking for an affordable place to call home.

Reading township has an unemployment rate of 5.4%. The US average is 6.0%.

Reading township has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 27.1%, which is lower than the US average of 33.5%.

Tax Rates for Reading township
- The Sales Tax Rate for Reading township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Reading township 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 Reading township
- The average income of a Reading township resident is $30,945 a year. The US average is $37,638 a year.
- The Median household income of a Reading township resident is $56,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyReading township, 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%
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