Economy in Oak Park, Michigan
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Economy
| Unemployment Rate | 15.20% | 9.10% |
| Recent Job Growth | -3.62% | -0.12% |
| Future Job Growth | 17.56% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $23,775 | $27,067 |
| Household Income | $51,416 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 12.35% | 12.10% |
| Income between 15K and 25K | 8.95% | 10.18% |
| Income between 25K and 35K | 10.60% | 10.56% |
| Income between 35K and 50K | 16.60% | 14.98% |
| Income between 50K and 75K | 23.07% | 19.53% |
| Income between 75K and 100K | 13.53% | 12.52% |
| Income between 100K and 150K | 11.00% | 12.14% |
| Income between 150K and 250K | 2.10% | 3.91% |
| Income between 250K and 500K | 1.63% | 3.34% |
| Income greater than 500K | 0.16% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 12.73% | 13.81% |
| Professional and Related Occupations | 28.05% | 22.68% |
| Service | 15.90% | 14.51% |
| Sales and Office | 30.70% | 25.22% |
| Farming, Fishing, and Forestry | 0.02% | 0.68% |
| Construction, Extraction, and Maintenance | 3.98% | 9.37% |
| Production, Transportation, and Material Moving | 16.49% | 15.86% |
The unemployment rate in Oak Park, MI, is 15.20%, with job growth of -3.62%. Future job growth over the next ten years is predicted to be 17.56%.
Oak Park, MI Taxes
Oak Park, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Oak Park, MI Income and Salaries
The income per capita is $23,775, which includes all adults and children. The median household income is $51,416.
Oak Park Economy SperlingViews
Unimpressive: Every day I think about living somewhere... (read more)Oak Park : I was raised in Oak Park, Michigan and the quality of life there was pretty good. Had a nice park, ice skating rink, public swimming pool,... (read more)Going down hill: We lived in Oak Park for 6 years. In that time it went from an up-and-coming neighborhood like Ferndale or Royal Oak to a pit. This place has gone so down hill in the... (read more)Have an opinion about Oak Park? Leave a commentTo See All SperlingViews for Oak Park Click Here
