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2024 Compare Cities Economy:
Fife Lake, MI vs Petoskey, MI

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Highlights
- Household income in Petoskey, is 1% less than it is in Fife Lake and is 15% below the National Average.
- Fife Lake unemployment rate is 5.7%.
- Petoskey unemployment rate is 7.5%.

Economy
 Fife Lake, MIPetoskey, MIUnited States
 Unemployment Rate5.7%7.5%6.0%
 Recent Job Growth1.7%0.7%1.6%
 Future Job Growth34.7%24.2%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes4.3%4.3%4.6%
 Income per Cap.$33,499$46,834$37,638
 Household Income$60,625$60,054$69,021
 Family Median Income$70,385$79,952$85,028
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 Est. Households By Income
 Fife Lake, MIPetoskey, MIUnited States
 Income Less Than 15K2.1%9.9%9.4%
 Income between 15K and 20K0.7%2.6%3.8%
 Income between 20K and 30K11.8%8.4%8.1%
 Income between 30K and 40K13.2%10.5%8.0%
 Income between 40K and 50K14.6%12.8%7.6%
 Income between 50K and 60K6.3%5.7%7.2%
 Income between 60K and 75K19.4%11.9%9.6%
 Income between 75K and 100K9.0%11.0%12.8%
 Income between 100K and 150K15.3%7.3%16.3%
 Income between 150K and 200K7.6%8.5%7.8%
 Income greater than 200K0.0%11.3%9.5%
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 Population By Occupation
 Fife Lake, MIPetoskey, MIUnited States
 Management, business, finance5.1%12.2%16.4%
 Engineering, computers, science4.0%1.4%6.5%
 Community, social services1.1%3.6%1.8%
 Legal0.0%3.9%1.2%
 Education, library1.7%15.3%6.2%
 Arts, design, media, sports, entertainment1.1%1.6%2.0%
 Healthcare practitioners and technology2.3%6.4%6.2%
 Healthcare support6.3%3.5%3.3%
 Firefighters, law enforcement2.3%0.7%2.1%
 Food preparation, serving5.1%11.0%5.4%
 Building maintenance0.6%5.7%3.6%
 Personal care1.7%3.1%2.6%
 Sales, office, administrative support35.8%19.2%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair14.8%3.7%8.1%
 Production, transportation, material moving18.2%8.6%13.1%

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Reviews for Petoskey    15 Reviews

The people in Petoskey are generally pleasant, friendly, and courteous .... even the teenagers in our experience. Petoskey is certainly a physically attractive area in  More

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Petoskey, between Harbor Springs and Charlevoix, is in a trio of small northern Lower Michigan towns that exceeds the charm and sophistication of typical small towns.   More

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Over 5 years ago

My husband and I have lived in Petoskey for 8 years. We have lived in Arizona, Utah, Colorado, Virginia and Ohio and by far, Petoskey is our favorite place to live. We  More

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