Economy in Lake Orion, Michigan
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Economy
| Unemployment Rate | 10.20% | 9.10% |
| Recent Job Growth | -1.99% | -0.12% |
| Future Job Growth | 25.82% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $34,907 | $27,067 |
| Household Income | $58,663 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 9.72% | 12.10% |
| Income between 15K and 25K | 12.52% | 10.18% |
| Income between 25K and 35K | 5.43% | 10.56% |
| Income between 35K and 50K | 15.15% | 14.98% |
| Income between 50K and 75K | 20.23% | 19.53% |
| Income between 75K and 100K | 13.40% | 12.52% |
| Income between 100K and 150K | 12.79% | 12.14% |
| Income between 150K and 250K | 6.04% | 3.91% |
| Income between 250K and 500K | 4.38% | 3.34% |
| Income greater than 500K | 0.35% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 17.13% | 13.81% |
| Professional and Related Occupations | 26.57% | 22.68% |
| Service | 21.68% | 14.51% |
| Sales and Office | 20.63% | 25.22% |
| Farming, Fishing, and Forestry | 0.00% | 0.68% |
| Construction, Extraction, and Maintenance | 6.22% | 9.37% |
| Production, Transportation, and Material Moving | 18.32% | 15.86% |
The unemployment rate in Lake Orion, MI, is 10.20%, with job growth of -1.99%. Future job growth over the next ten years is predicted to be 25.82%.
Lake Orion, MI Taxes
Lake Orion, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Lake Orion, MI Income and Salaries
The income per capita is $34,907, which includes all adults and children. The median household income is $58,663.
Lake Orion Economy SperlingViews
Where living is a vacation: We moved here from Ky 2 years ago. I absolutely love it, and outside of a job transfer, will never leave. The schools are exceptional, some of the highest test scores in... (read more)Great Place to Live!: We moved to Lake Orion three years ago from California and have been really pleased with this area. The people are very friendly and have embraced us well. Lake Orion is... (read more)Have an opinion about Lake Orion? Leave a commentTo See All SperlingViews for Lake Orion Click Here
