Economy in Lake township (Lake county), Michigan
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Economy
| Unemployment Rate | 14.50% | 9.10% |
| Recent Job Growth | -2.17% | -0.12% |
| Future Job Growth | 21.16% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $17,007 | $27,067 |
| Household Income | $27,530 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 26.01% | 12.10% |
| Income between 15K and 25K | 19.30% | 10.18% |
| Income between 25K and 35K | 19.03% | 10.56% |
| Income between 35K and 50K | 15.55% | 14.98% |
| Income between 50K and 75K | 12.33% | 19.53% |
| Income between 75K and 100K | 3.75% | 12.52% |
| Income between 100K and 150K | 2.68% | 12.14% |
| Income between 150K and 250K | 0.80% | 3.91% |
| Income between 250K and 500K | 0.54% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 8.75% | 13.81% |
| Professional and Related Occupations | 15.59% | 22.68% |
| Service | 19.01% | 14.51% |
| Sales and Office | 25.48% | 25.22% |
| Farming, Fishing, and Forestry | 1.14% | 0.68% |
| Construction, Extraction, and Maintenance | 8.75% | 9.37% |
| Production, Transportation, and Material Moving | 31.56% | 15.86% |
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The unemployment rate in Lake township (Lake county), MI, is 14.50%, with job growth of -2.17%. Future job growth over the next ten years is predicted to be 21.16%.
Lake township (Lake county), MI Taxes
Lake township (Lake county), MI,sales tax rate is 6.00%. Income tax is 4.35%.
Lake township (Lake county), MI Income and Salaries
The income per capita is $17,007, which includes all adults and children. The median household income is $27,530.
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