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2024 Compare Cities Economy:
Petoskey, MI vs Ludington, MI

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Highlights
- Household income in Ludington, is 24% less than it is in Petoskey and is 51% below the National Average.
- Petoskey unemployment rate is 7.5%.
- Ludington unemployment rate is 6.9%.

Economy
 Petoskey, MILudington, MIUnited States
 Unemployment Rate7.5%6.9%6.0%
 Recent Job Growth0.7%0.3%1.6%
 Future Job Growth24.2%20.5%33.5%
 Sales Taxes6.0%6.0%6.2%
 Income Taxes4.3%4.3%4.6%
 Income per Cap.$46,834$27,941$37,638
 Household Income$60,054$45,673$69,021
 Family Median Income$79,952$69,375$85,028
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 Est. Households By Income
 Petoskey, MILudington, MIUnited States
 Income Less Than 15K9.9%11.8%9.4%
 Income between 15K and 20K2.6%5.0%3.8%
 Income between 20K and 30K8.4%17.3%8.1%
 Income between 30K and 40K10.5%11.0%8.0%
 Income between 40K and 50K12.8%7.9%7.6%
 Income between 50K and 60K5.7%7.9%7.2%
 Income between 60K and 75K11.9%12.8%9.6%
 Income between 75K and 100K11.0%10.7%12.8%
 Income between 100K and 150K7.3%11.4%16.3%
 Income between 150K and 200K8.5%1.4%7.8%
 Income greater than 200K11.3%2.9%9.5%
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 Population By Occupation
 Petoskey, MILudington, MIUnited States
 Management, business, finance12.2%10.5%16.4%
 Engineering, computers, science1.4%3.0%6.5%
 Community, social services3.6%3.0%1.8%
 Legal3.9%0.7%1.2%
 Education, library15.3%4.2%6.2%
 Arts, design, media, sports, entertainment1.6%0.6%2.0%
 Healthcare practitioners and technology6.4%4.4%6.2%
 Healthcare support3.5%2.8%3.3%
 Firefighters, law enforcement0.7%0.0%2.1%
 Food preparation, serving11.0%13.0%5.4%
 Building maintenance5.7%2.4%3.6%
 Personal care3.1%1.7%2.6%
 Sales, office, administrative support19.2%25.0%20.9%
 Farming, fishing, forestry0.0%0.0%0.6%
 Construction, extraction, maintenance/repair3.7%9.1%8.1%
 Production, transportation, material moving8.6%19.7%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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Reviews for Ludington    3 Reviews

Over 16 years ago

Is awesome. I love salmon fishing there. During the summer months there will be thousands of people from Ludington all the way to Frankfort and everyone usually leaves  More

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The beach is the place to be!!!! It is one of the absolute most beautiful beaches in Michigan! The sand dunes on the way to the state park are fabulous and  More

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If you like mild summers and snowy winters this is the place to be!!! From Memorial Day to Labor Day, almost like a switch, the weather is beautiful!! You have your  More

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ZIPS IN PETOSKEY, MICHIGAN
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ZIPS IN LUDINGTON, MICHIGAN
49431

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