Economy in Petoskey, Michigan
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Economy
| Unemployment Rate | 15.80% | 9.10% |
| Recent Job Growth | -1.02% | -0.12% |
| Future Job Growth | 22.16% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $25,100 | $27,067 |
| Household Income | $38,669 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 19.09% | 12.10% |
| Income between 15K and 25K | 14.59% | 10.18% |
| Income between 25K and 35K | 11.99% | 10.56% |
| Income between 35K and 50K | 18.70% | 14.98% |
| Income between 50K and 75K | 16.27% | 19.53% |
| Income between 75K and 100K | 8.33% | 12.52% |
| Income between 100K and 150K | 7.56% | 12.14% |
| Income between 150K and 250K | 0.74% | 3.91% |
| Income between 250K and 500K | 2.36% | 3.34% |
| Income greater than 500K | 0.39% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 11.32% | 13.81% |
| Professional and Related Occupations | 28.53% | 22.68% |
| Service | 18.83% | 14.51% |
| Sales and Office | 26.10% | 25.22% |
| Farming, Fishing, and Forestry | 0.12% | 0.68% |
| Construction, Extraction, and Maintenance | 7.17% | 9.37% |
| Production, Transportation, and Material Moving | 10.17% | 15.86% |
The unemployment rate in Petoskey, MI, is 15.80%, with job growth of -1.02%. Future job growth over the next ten years is predicted to be 22.16%.
Petoskey, MI Taxes
Petoskey, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Petoskey, MI Income and Salaries
The income per capita is $25,100, which includes all adults and children. The median household income is $38,669.
Petoskey Economy SperlingViews
climate: 80+ in the summers and under 20 almost every day in the winter from november to march/april. It never seems to have sun in the winter always a gloomy gray... (read more)City of lots to do with a Redneck insurgency: This area a lovely, the bay is amazing the way the light hits it. It can be very windy here with winds 25 mph and greater. I have lived here for 3 years and found many... (read more)safe small town: I've lived in the Petoskey, Michigan area all my life...I feel very safe here. It's absoulutley gorgeous here, if you like cooler climates...we have about 2 1/2 months... (read more)Have an opinion about Petoskey? Leave a commentTo See All SperlingViews for Petoskey Click Here
