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Economy

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  ECONOMY OVERVIEW
  

The unemployment rate in Houghton, Michigan, is 5.80%, with job growth of 0.11%. Future job growth over the next ten years is predicted to be 34.42%.

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 $16,641, which includes all adults and children. The median household income is $28,688.


  ECONOMYHoughton, MichiganUnited States
  Unemployment Rate  5.80%5.20%
  Recent Job Growth  0.11%1.59%
  Future Job Growth  34.42%37.98%
  Sales Taxes  6.00%6.00%
  Income Taxes  4.25%4.60%
  Income per Cap.  $16,641$28,555
  Household Income  $28,688$53,482
  Family Median Income  $53,333$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting  0.60%1.35%
  Mining, quarrying, oil and gas extraction  0.17%0.61%
  Construction  4.93%6.19%
  Manufacturing  7.75%10.41%
  Wholesale trade  0.17%2.72%
  Retail trade  6.19%11.55%
  Transportation and warehousing  0.46%4.11%
  Utilities  00
  Information  3.39%2.12%
  Finance and insurance  2.54%4.69%
  Real estate, rental, leasing  0.20%1.89%
  Professional, scientific, technical services  6.64%6.68%
  Management of companies  0.00%0.08%
  Administrative, support, waste mgt svcs  0.20%4.27%
  Educational services  40.65%9.34%
  Health care and social assistance  4.62%13.81%
  Arts, entertainment, recreation  1.51%2.16%
  Accommodation, food services  15.22%7.44%
  Other services  3.54%4.94%
  Public administration  1.06%4.80%

  ECONOMY MAP

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Reviews for Houghton


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  4/21/2015
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)

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  4/4/2013
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)

 94

 84

  8/23/2009
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)

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