Economy in Albion, Michigan
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Economy
| Unemployment Rate | 9.40% | 9.10% |
| Recent Job Growth | 0.45% | -0.12% |
| Future Job Growth | 31.50% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 5.35% | 6.25% |
| Income per Cap. | $15,725 | $27,067 |
| Household Income | $33,721 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 22.76% | 12.10% |
| Income between 15K and 25K | 16.95% | 10.18% |
| Income between 25K and 35K | 11.92% | 10.56% |
| Income between 35K and 50K | 17.67% | 14.98% |
| Income between 50K and 75K | 17.85% | 19.53% |
| Income between 75K and 100K | 6.70% | 12.52% |
| Income between 100K and 150K | 4.45% | 12.14% |
| Income between 150K and 250K | 1.20% | 3.91% |
| Income between 250K and 500K | 0.43% | 3.34% |
| Income greater than 500K | 0.06% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 7.00% | 13.81% |
| Professional and Related Occupations | 25.33% | 22.68% |
| Service | 19.36% | 14.51% |
| Sales and Office | 27.16% | 25.22% |
| Farming, Fishing, and Forestry | 0.23% | 0.68% |
| Construction, Extraction, and Maintenance | 5.74% | 9.37% |
| Production, Transportation, and Material Moving | 25.64% | 15.86% |
The unemployment rate in Albion, MI, is 9.40%, with job growth of 0.45%. Future job growth over the next ten years is predicted to be 31.50%.
Albion, MI Taxes
Albion, MI,sales tax rate is 6.00%. Income tax is 5.35%.
Albion, MI Income and Salaries
The income per capita is $15,725, which includes all adults and children. The median household income is $33,721.
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