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Economy in Houghton, Michigan

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EconomyHoughton, MIUnited States
Unemployment Rate8.50%6.30%
Recent Job Growth3.26%1.18%
Future Job Growth38.00%36.10%
Sales Taxes6.00%6.00%
Income Taxes4.25%4.72%
Income per Cap.$15,091$28,051
Household Income$23,912$53,046
Family Median Income$46,000$64,585
Income Less Than 15K30.35%12.61%
Income between 15K and 20K14.37%5.33%
Income between 20K and 30K13.09%10.57%
Income between 30K and 40K8.75%9.90%
Income between 40K and 50K4.91%8.95%
Income between 50K and 60K4.96%8.08%
Income between 60K and 75K3.06%10.09%
Income between 75K and 100K6.77%12.25%
Income between 100K and 150K9.37%12.82%
Income between 150K and 200K2.40%4.78%
Income greater than 200K1.98%4.64%
Management, business, finance8.96%14.36%
Engineering, computers, science12.00%5.24%
Community, social services0.80%1.66%
Education, library19.69%6.10%
Arts, design, media, sports, entertainment2.34%1.88%
Healthcare practitioners and technology4.45%5.49%
Healthcare support0.42%2.47%
Firefighters, law enforcement1.22%2.24%
Food preparation, serving16.87%5.61%
Building maintenance2.56%3.97%
Personal care4.13%3.54%
Sales, office, administrative support18.66%24.89%
Farming, fishing, forestry0.67%0.73%
Construction, extraction, maintenance/repair4.16%8.56%
Production, transportation, material moving3.07%12.10%

The unemployment rate in Houghton, MI, is 8.50%, with job growth of 3.26%. Future job growth over the next ten years is predicted to be 38.00%.

Houghton, MI Taxes

Houghton, MI,sales tax rate is 6.00%. Income tax is 4.25%.

Houghton, MI Income and Salaries

The income per capita is $15,091, which includes all adults and children. The median household income is $23,912.

Houghton Economy SperlingViews

Map is incomplete: The 49931 zip code map to display Houghton is misleading. It implies that Isle Royale, isolated in the northern reaches of Lake Superior, is the area covered by this... (read more)A step back in time: Houghton,MI is located in the middle of Lake Superior on the Keweenaw Peninsula. It was a boom town with the copper barons in the late 1800's and today it struggles to... (read more)Great place to live: For those who are interested in a laid-back community with low cost of living, rich human history, surrounded by impressive natural beauty, Houghton is the place. The... (read more)Have an opinion about Houghton? Leave a commentTo See All SperlingViews for Houghton Click Here