Economy in Michigamme, Michigan
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Economy
| Unemployment Rate | 9.60% | 9.10% |
| Recent Job Growth | 0.03% | -0.12% |
| Future Job Growth | 30.46% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $25,959 | $27,067 |
| Household Income | $39,785 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.22% | 12.10% |
| Income between 15K and 25K | 13.79% | 10.18% |
| Income between 25K and 35K | 16.67% | 10.56% |
| Income between 35K and 50K | 20.11% | 14.98% |
| Income between 50K and 75K | 21.26% | 19.53% |
| Income between 75K and 100K | 6.32% | 12.52% |
| Income between 100K and 150K | 4.60% | 12.14% |
| Income between 150K and 250K | 1.15% | 3.91% |
| Income between 250K and 500K | 2.30% | 3.34% |
| Income greater than 500K | 0.57% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.22% | 13.81% |
| Professional and Related Occupations | 16.79% | 22.68% |
| Service | 16.06% | 14.51% |
| Sales and Office | 18.25% | 25.22% |
| Farming, Fishing, and Forestry | 14.60% | 0.68% |
| Construction, Extraction, and Maintenance | 11.68% | 9.37% |
| Production, Transportation, and Material Moving | 21.90% | 15.86% |
The unemployment rate in Michigamme, MI, is 9.60%, with job growth of 0.03%. Future job growth over the next ten years is predicted to be 30.46%.
Michigamme, MI Taxes
Michigamme, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Michigamme, MI Income and Salaries
The income per capita is $25,959, which includes all adults and children. The median household income is $39,785.
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