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Economy in Sylvan Lake, Michigan

Overview, People, Health, Economy, Housing, Rankings, Crime
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Economy
EconomySylvan Lake, MIUnited States
Unemployment Rate10.20%9.10%
Recent Job Growth-1.99%-0.12%
Future Job Growth25.82%31.25%
Sales Taxes6.00%6.80%
Income Taxes4.35%6.25%
Income per Cap.$55,884$27,067
Household Income$80,384$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K2.53%12.10%
Income between 15K and 25K4.93%10.18%
Income between 25K and 35K7.08%10.56%
Income between 35K and 50K11.76%14.98%
Income between 50K and 75K20.10%19.53%
Income between 75K and 100K15.80%12.52%
Income between 100K and 150K17.57%12.14%
Income between 150K and 250K7.21%3.91%
Income between 250K and 500K10.49%3.34%
Income greater than 500K2.53%0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations26.65%13.81%
Professional and Related Occupations25.57%22.68%
Service5.83%14.51%
Sales and Office32.47%25.22%
Farming, Fishing, and Forestry0.00%0.68%
Construction, Extraction, and Maintenance4.42%9.37%
Production, Transportation, and Material Moving5.18%15.86%
Median Household Income

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

Sylvan Lake, MI Taxes

Sylvan Lake, MI,sales tax rate is 6.00%. Income tax is 4.35%.

Sylvan Lake, MI Income and Salaries

The income per capita is $55,884, which includes all adults and children. The median household income is $80,384.


Sylvan Lake Economy SperlingViews

"Prettiest Little City in Michigan": It's hard to believe such a place exists in SE Michigan. So close to business centers, yet when you enter the city, you feel 1000 miles from hustle & bustle. The... (read more)Have an opinion about Sylvan Lake? Leave a commentTo See All SperlingViews for Sylvan Lake Click Here