Economy in Litchfield, Michigan
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Economy
| Unemployment Rate | 11.80% | 9.10% |
| Recent Job Growth | -3.32% | -0.12% |
| Future Job Growth | 21.56% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $20,941 | $27,067 |
| Household Income | $47,541 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.36% | 12.10% |
| Income between 15K and 25K | 10.83% | 10.18% |
| Income between 25K and 35K | 11.37% | 10.56% |
| Income between 35K and 50K | 16.97% | 14.98% |
| Income between 50K and 75K | 25.45% | 19.53% |
| Income between 75K and 100K | 12.45% | 12.52% |
| Income between 100K and 150K | 7.77% | 12.14% |
| Income between 150K and 250K | 1.44% | 3.91% |
| Income between 250K and 500K | 0.36% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.86% | 13.81% |
| Professional and Related Occupations | 19.27% | 22.68% |
| Service | 11.68% | 14.51% |
| Sales and Office | 21.09% | 25.22% |
| Farming, Fishing, and Forestry | 2.73% | 0.68% |
| Construction, Extraction, and Maintenance | 13.51% | 9.37% |
| Production, Transportation, and Material Moving | 38.09% | 15.86% |
The unemployment rate in Litchfield, MI, is 11.80%, with job growth of -3.32%. Future job growth over the next ten years is predicted to be 21.56%.
Litchfield, MI Taxes
Litchfield, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Litchfield, MI Income and Salaries
The income per capita is $20,941, which includes all adults and children. The median household income is $47,541.
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