Economy in Milan, Michigan
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Economy
| Unemployment Rate | 7.10% | 9.10% |
| Recent Job Growth | 0.39% | -0.12% |
| Future Job Growth | 33.68% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $26,189 | $27,067 |
| Household Income | $54,962 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 8.93% | 12.10% |
| Income between 15K and 25K | 9.52% | 10.18% |
| Income between 25K and 35K | 12.47% | 10.56% |
| Income between 35K and 50K | 14.49% | 14.98% |
| Income between 50K and 75K | 22.07% | 19.53% |
| Income between 75K and 100K | 16.85% | 12.52% |
| Income between 100K and 150K | 13.14% | 12.14% |
| Income between 150K and 250K | 1.05% | 3.91% |
| Income between 250K and 500K | 1.26% | 3.34% |
| Income greater than 500K | 0.21% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 10.79% | 13.81% |
| Professional and Related Occupations | 25.97% | 22.68% |
| Service | 25.97% | 14.51% |
| Sales and Office | 24.74% | 25.22% |
| Farming, Fishing, and Forestry | 0.25% | 0.68% |
| Construction, Extraction, and Maintenance | 9.24% | 9.37% |
| Production, Transportation, and Material Moving | 18.98% | 15.86% |
The unemployment rate in Milan, MI, is 7.10%, with job growth of 0.39%. Future job growth over the next ten years is predicted to be 33.68%.
Milan, MI Taxes
Milan, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Milan, MI Income and Salaries
The income per capita is $26,189, which includes all adults and children. The median household income is $54,962.
Milan Economy SperlingViews
Convenience and Charm: I've lived in Milan for ten years. Serene, tree-lined neighborhoods and a downtown exuding "Mayberry" charm make Milan special. Still, we're only about twenty minutes... (read more)Have an opinion about Milan? Leave a commentTo See All SperlingViews for Milan Click Here
