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Economy in Houghton, Michigan

Overview, People, Health, Economy, Housing, Rankings, Climate
Crime, Comments, Transportation, Cost of Living, Religion, Voting

EconomyHoughton, MIUnited States
Unemployment Rate7.30%8.60%
Recent Job Growth-2.17%0.35%
Future Job Growth28.36%32.10%
Sales Taxes6.00%5.00%
Income Taxes4.35%4.70%
Income per Cap.$16,245$26,154
Household Income$30,441$50,935
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K27.66%12.37%
Income between 15K and 25K15.76%10.53%
Income between 25K and 35K11.17%10.88%
Income between 35K and 50K13.92%15.37%
Income between 50K and 75K14.99%20.14%
Income between 75K and 100K9.54%12.41%
Income between 100K and 150K5.71%11.27%
Income between 150K and 250K1.03%5.01%
Income between 250K and 500K0.21%1.86%
Income greater than 500K0.04%0.16%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations8.65%14.04%
Professional and Related Occupations36.99%20.61%
Service20.35%14.45%
Sales and Office24.41%26.75%
Farming, Fishing, and Forestry1.36%0.70%
Construction, Extraction, and Maintenance3.61%9.42%
Production, Transportation, and Material Moving4.66%14.05%


Median Household Income

The unemployment rate in Houghton, MI, is 7.30%, with job growth of -2.17%. Future job growth over the next ten years is predicted to be 28.36%.

Houghton, MI Taxes

Houghton, MI,sales tax rate is 6.00%. Income tax is 4.35%.

Houghton, MI Income and Salaries

The income per capita is $16,245, which includes all adults and children. The median household income is $30,441.


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)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)The secret U.P. : Houghton/Hancock is an outdoor lover's paradise with a respectable university to keep the community young at heart. Although off the beaten path, the low cost of living... (read more)Have an opinion about Houghton? Leave a commentTo See All SperlingViews for Houghton Click Here