Economy in Luther, 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. | $16,908 | $27,067 |
| Household Income | $31,368 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 23.40% | 12.10% |
| Income between 15K and 25K | 17.73% | 10.18% |
| Income between 25K and 35K | 14.18% | 10.56% |
| Income between 35K and 50K | 17.73% | 14.98% |
| Income between 50K and 75K | 13.48% | 19.53% |
| Income between 75K and 100K | 7.09% | 12.52% |
| Income between 100K and 150K | 4.26% | 12.14% |
| Income between 150K and 250K | 1.42% | 3.91% |
| Income between 250K and 500K | 0.71% | 3.34% |
| Income greater than 500K | 0.00% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 6.30% | 13.81% |
| Professional and Related Occupations | 14.17% | 22.68% |
| Service | 14.96% | 14.51% |
| Sales and Office | 18.11% | 25.22% |
| Farming, Fishing, and Forestry | 2.36% | 0.68% |
| Construction, Extraction, and Maintenance | 13.39% | 9.37% |
| Production, Transportation, and Material Moving | 39.37% | 15.86% |
The unemployment rate in Luther, MI, is 14.50%, with job growth of -2.17%. Future job growth over the next ten years is predicted to be 21.16%.
Luther, MI Taxes
Luther, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Luther, MI Income and Salaries
The income per capita is $16,908, which includes all adults and children. The median household income is $31,368.
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