Economy in Ferndale, Michigan
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Economy
| Unemployment Rate | 10.30% | 9.10% |
| Recent Job Growth | -1.99% | -0.12% |
| Future Job Growth | 25.72% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $28,135 | $27,067 |
| Household Income | $52,873 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.24% | 12.10% |
| Income between 15K and 25K | 9.67% | 10.18% |
| Income between 25K and 35K | 10.07% | 10.56% |
| Income between 35K and 50K | 18.37% | 14.98% |
| Income between 50K and 75K | 24.94% | 19.53% |
| Income between 75K and 100K | 13.82% | 12.52% |
| Income between 100K and 150K | 11.07% | 12.14% |
| Income between 150K and 250K | 1.88% | 3.91% |
| Income between 250K and 500K | 0.87% | 3.34% |
| Income greater than 500K | 0.08% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.43% | 13.81% |
| Professional and Related Occupations | 27.87% | 22.68% |
| Service | 17.03% | 14.51% |
| Sales and Office | 26.25% | 25.22% |
| Farming, Fishing, and Forestry | 0.09% | 0.68% |
| Construction, Extraction, and Maintenance | 6.61% | 9.37% |
| Production, Transportation, and Material Moving | 16.66% | 15.86% |
The unemployment rate in Ferndale, MI, is 10.30%, with job growth of -1.99%. Future job growth over the next ten years is predicted to be 25.72%.
Ferndale, MI Taxes
Ferndale, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Ferndale, MI Income and Salaries
The income per capita is $28,135, which includes all adults and children. The median household income is $52,873.
Ferndale Economy SperlingViews
public ed: The schools are finding it difficult to adjust to... (read more)Culture Club: Full of... (read more)Great Little City: Ferndale is a great city! I just wish it was transplanted from being a suburb of Detroit to say-the outskirts of the metro area. Lots of friendly people, who tend to be... (read more)Have an opinion about Ferndale? Leave a commentTo See All SperlingViews for Ferndale Click Here
