2026 Compare Cities Economy:
Wells, ME vs Petoskey, MI

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Highlights
- Household income in Petoskey, is 16% less than it is in Wells and is 15% below the National Average.
- Wells unemployment rate is 7.1%.
- Petoskey unemployment rate is 7.5%.
 Wells, MEPetoskey, MIUnited States
 Unemployment Rate  Unlock7.5%6.0%
 Recent Job Growth  Unlock0.7%1.6%
 Future Job Growth44.4%  Unlock33.5%
 Sales Taxes5.5%  Unlock6.2%
 Income Taxes  Unlock4.3%4.6%
 Income per Cap.$41,618  Unlock$37,638
 Household Income  Unlock$60,054$69,021
 Family Median Income$89,346  Unlock$85,028
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 Est. Households By Income
 Wells, MEPetoskey, MIUnited States
 Income Less Than 15K  Unlock9.9%9.4%
 Income between 15K and 20K4.9%  Unlock3.8%
 Income between 20K and 30K  Unlock8.4%8.1%
 Income between 30K and 40K8.4%  Unlock8.0%
 Income between 40K and 50K  Unlock12.8%7.6%
 Income between 50K and 60K5.1%  Unlock7.2%
 Income between 60K and 75K  Unlock11.9%9.6%
 Income between 75K and 100K10.2%  Unlock12.8%
 Income between 100K and 150K  Unlock7.3%16.3%
 Income between 150K and 200K10.3%  Unlock7.8%
 Income greater than 200K  Unlock11.3%9.5%
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 Population By Occupation
 Wells, MEPetoskey, MIUnited States
 Management, business, finance21.3%  Unlock16.4%
 Engineering, computers, science  Unlock1.4%6.5%
 Community, social services1.2%  Unlock1.8%
 Legal  Unlock3.9%1.2%
 Education, library4.4%  Unlock6.2%
 Arts, design, media, sports, entertainment  Unlock1.6%2.0%
 Healthcare practitioners and technology6.8%  Unlock6.2%
 Healthcare support  Unlock3.5%3.3%
 Firefighters, law enforcement2.6%  Unlock2.1%
 Food preparation, serving  Unlock11.0%5.4%
 Building maintenance6.7%  Unlock3.6%
 Personal care  Unlock3.1%2.6%
 Sales, office, administrative support20.8%  Unlock20.9%
 Farming, fishing, forestry  Unlock0.0%0.6%
 Construction, extraction, maintenance/repair8.7%  Unlock8.1%
 Production, transportation, material moving  Unlock8.6%13.1%
Reviews for Wells    2 Reviews

Over 17 years ago

Although it is getting crowded, Wells is beautiful in summer. long sandy beaches and of course the ocean. The water is cold, so lounging more than swimming is  More

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Over 17 years ago

2007-2009 has been full of snow storms November to  More

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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 7 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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