Economy in Soo township, Michigan
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Economy
| Unemployment Rate | 13.20% | 9.10% |
| Recent Job Growth | -0.23% | -0.12% |
| Future Job Growth | 26.34% | 31.25% |
| Sales Taxes | 6.00% | 6.80% |
| Income Taxes | 4.35% | 6.25% |
| Income per Cap. | $24,468 | $27,067 |
| Household Income | $51,320 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 7.67% | 12.10% |
| Income between 15K and 25K | 8.35% | 10.18% |
| Income between 25K and 35K | 12.72% | 10.56% |
| Income between 35K and 50K | 19.90% | 14.98% |
| Income between 50K and 75K | 26.21% | 19.53% |
| Income between 75K and 100K | 13.50% | 12.52% |
| Income between 100K and 150K | 9.32% | 12.14% |
| Income between 150K and 250K | 1.46% | 3.91% |
| Income between 250K and 500K | 0.78% | 3.34% |
| Income greater than 500K | 0.10% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 9.65% | 13.81% |
| Professional and Related Occupations | 18.79% | 22.68% |
| Service | 24.71% | 14.51% |
| Sales and Office | 23.61% | 25.22% |
| Farming, Fishing, and Forestry | 0.44% | 0.68% |
| Construction, Extraction, and Maintenance | 6.21% | 9.37% |
| Production, Transportation, and Material Moving | 15.28% | 15.86% |
The unemployment rate in Soo township, MI, is 13.20%, with job growth of -0.23%. Future job growth over the next ten years is predicted to be 26.34%.
Soo township, MI Taxes
Soo township, MI,sales tax rate is 6.00%. Income tax is 4.35%.
Soo township, MI Income and Salaries
The income per capita is $24,468, which includes all adults and children. The median household income is $51,320.
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