Economy in Genoa township, Michigan
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Economy
| Unemployment Rate | 10.20% | 9.10% |
| Recent Job Growth | -1.56% | -0.12% |
| Future Job Growth | 26.68% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $36,088 | $27,067 |
| Household Income | $74,409 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 5.49% | 12.10% |
| Income between 15K and 25K | 5.75% | 10.18% |
| Income between 25K and 35K | 6.66% | 10.56% |
| Income between 35K and 50K | 12.88% | 14.98% |
| Income between 50K and 75K | 19.51% | 19.53% |
| Income between 75K and 100K | 18.59% | 12.52% |
| Income between 100K and 150K | 17.79% | 12.14% |
| Income between 150K and 250K | 6.27% | 3.91% |
| Income between 250K and 500K | 5.79% | 3.34% |
| Income greater than 500K | 1.28% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 18.46% | 13.81% |
| Professional and Related Occupations | 22.94% | 22.68% |
| Service | 14.64% | 14.51% |
| Sales and Office | 28.80% | 25.22% |
| Farming, Fishing, and Forestry | 0.13% | 0.68% |
| Construction, Extraction, and Maintenance | 8.75% | 9.37% |
| Production, Transportation, and Material Moving | 16.05% | 15.86% |
The unemployment rate in Genoa township, MI, is 10.20%, with job growth of -1.56%. Future job growth over the next ten years is predicted to be 26.68%.
Genoa township, MI Taxes
Genoa township, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Genoa township, MI Income and Salaries
The income per capita is $36,088, which includes all adults and children. The median household income is $74,409.
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