Economy in Algonac, Michigan
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Economy
| Unemployment Rate | 14.20% | 9.10% |
| Recent Job Growth | -2.86% | -0.12% |
| Future Job Growth | 20.08% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $24,683 | $27,067 |
| Household Income | $45,920 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 16.65% | 12.10% |
| Income between 15K and 25K | 11.71% | 10.18% |
| Income between 25K and 35K | 8.49% | 10.56% |
| Income between 35K and 50K | 18.37% | 14.98% |
| Income between 50K and 75K | 22.77% | 19.53% |
| Income between 75K and 100K | 10.79% | 12.52% |
| Income between 100K and 150K | 6.01% | 12.14% |
| Income between 150K and 250K | 2.63% | 3.91% |
| Income between 250K and 500K | 2.20% | 3.34% |
| Income greater than 500K | 0.38% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 6.04% | 13.81% |
| Professional and Related Occupations | 24.41% | 22.68% |
| Service | 15.08% | 14.51% |
| Sales and Office | 24.56% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 15.83% | 9.37% |
| Production, Transportation, and Material Moving | 28.61% | 15.86% |
The unemployment rate in Algonac, MI, is 14.20%, with job growth of -2.86%. Future job growth over the next ten years is predicted to be 20.08%.
Algonac, MI Taxes
Algonac, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Algonac, MI Income and Salaries
The income per capita is $24,683, which includes all adults and children. The median household income is $45,920.
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