Economy in Portland, Michigan
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Economy
| Unemployment Rate | 11.20% | 9.10% |
| Recent Job Growth | -1.11% | -0.12% |
| Future Job Growth | 26.58% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 5.35% | 6.25% |
| Income per Cap. | $24,849 | $27,067 |
| Household Income | $56,493 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 7.45% | 12.10% |
| Income between 15K and 25K | 9.96% | 10.18% |
| Income between 25K and 35K | 11.86% | 10.56% |
| Income between 35K and 50K | 14.63% | 14.98% |
| Income between 50K and 75K | 23.17% | 19.53% |
| Income between 75K and 100K | 17.34% | 12.52% |
| Income between 100K and 150K | 12.53% | 12.14% |
| Income between 150K and 250K | 1.69% | 3.91% |
| Income between 250K and 500K | 1.22% | 3.34% |
| Income greater than 500K | 0.14% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 13.41% | 13.81% |
| Professional and Related Occupations | 17.37% | 22.68% |
| Service | 13.70% | 14.51% |
| Sales and Office | 35.37% | 25.22% |
| Farming, Fishing, and Forestry | 0.49% | 0.68% |
| Construction, Extraction, and Maintenance | 9.83% | 9.37% |
| Production, Transportation, and Material Moving | 17.95% | 15.86% |
The unemployment rate in Portland, MI, is 11.20%, with job growth of -1.11%. Future job growth over the next ten years is predicted to be 26.58%.
Portland, MI Taxes
Portland, MI,sales tax rate is 6.00%. Income tax is 5.35%.
Portland, MI Income and Salaries
The income per capita is $24,849, which includes all adults and children. The median household income is $56,493.
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