Economy in Milford, Michigan

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Economy

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Economy	Milford, MI	United States
Unemployment Rate	10.20%	9.10%
Recent Job Growth	-1.99%	-0.12%
Future Job Growth	25.82%	31.25%
Sales Taxes	6.00%	6.80%
Income Taxes	4.35%	6.25%
Income per Cap.	$33,080	$27,067
Household Income	$70,765	$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K	8.32%	12.10%
Income between 15K and 25K	7.05%	10.18%
Income between 25K and 35K	6.30%	10.56%
Income between 35K and 50K	12.89%	14.98%
Income between 50K and 75K	18.63%	19.53%
Income between 75K and 100K	15.40%	12.52%
Income between 100K and 150K	21.92%	12.14%
Income between 150K and 250K	5.73%	3.91%
Income between 250K and 500K	3.45%	3.34%
Income greater than 500K	0.30%	0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations	18.31%	13.81%
Professional and Related Occupations	24.31%	22.68%
Service	16.67%	14.51%
Sales and Office	26.57%	25.22%
Farming, Fishing, and Forestry	0.03%	0.68%
Construction, Extraction, and Maintenance	9.13%	9.37%
Production, Transportation, and Material Moving	15.54%	15.86%

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The unemployment rate in Milford, MI, is 10.20%, with job growth of -1.99%. Future job growth over the next ten years is predicted to be 25.82%.

Milford, MI Taxes

Milford, MI,sales tax rate is 6.00%. Income tax is 4.35%.

Milford, MI Income and Salaries

The income per capita is $33,080, which includes all adults and children. The median household income is $70,765.

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