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Economy

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  ECONOMY OVERVIEW
  

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

Houghton, Michigan Taxes
Houghton, Michigan,sales tax rate is 6.00%. Income tax is 4.25%.

Houghton, Michigan Income and Salaries

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

  ECONOMYHoughton, MichiganUnited States
  Unemployment Rate  8.50%6.30%
  Recent Job Growth  3.26%1.18%
  Future Job Growth  38.00%36.10%
  Sales Taxes  6.00%6.00%
  Income Taxes  4.25%4.72%
  Income per Cap.  $15,091$28,051
  Household Income  $23,912$53,046
  Family Median Income  $46,000$64,585
  ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
  Income Less Than 15K  30.35%12.61%
  Income between 15K and 20K  14.37%5.33%
  Income between 20K and 30K  13.09%10.57%
  Income between 30K and 40K  8.75%9.90%
  Income between 40K and 50K  4.91%8.95%
  Income between 50K and 60K  4.96%8.08%
  Income between 60K and 75K  3.06%10.09%
  Income between 75K and 100K  6.77%12.25%
  Income between 100K and 150K  9.37%12.82%
  Income between 150K and 200K  2.40%4.78%
  Income greater than 200K  1.98%4.64%
  POPULATION BY OCCUPATION
  Management, business, finance  8.96%14.36%
  Engineering, computers, science  12.00%5.24%
  Community, social services  0.80%1.66%
  Legal  0.00%1.17%
  Education, library  19.69%6.10%
  Arts, design, media, sports, entertainment  2.34%1.88%
  Healthcare practitioners and technology  4.45%5.49%
  Healthcare support  0.42%2.47%
  Firefighters, law enforcement  1.22%2.24%
  Food preparation, serving  16.87%5.61%
  Building maintenance  2.56%3.97%
  Personal care  4.13%3.54%
  Sales, office, administrative support  18.66%24.89%
  Farming, fishing, forestry  0.67%0.73%
  Construction, extraction, maintenance/repair  4.16%8.56%
  Production, transportation, material moving  3.07%12.10%

  ECONOMY MAP

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  ECONOMY COMMENTS
  
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)
To See All Comments for Houghton Click Here

  GENERAL COMMENTS
  
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)
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)
To See All Comments for Houghton Click Here



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