Almer, MI Economy


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United States / Michigan / No Metro Area / Tuscola County / Almer / Zip Codes
Almer, MI is a small city located in the lower peninsula of Michigan. It's a great place for families to settle down with its affordable housing and grocery costs. Rent for a 2-bedroom apartment in Almer is approximately $840 compared to the national average of $1,430. The cost of groceries in Almer is also much lower than the rest of the nation, as it has an index score of 90 versus 100 nationally.
The local businesses in Almer include a variety of restaurants and shops such as Old Town Coffee House, Gold Rush Tattoo & Piercing, S&R Express Mart, and The Knee Company. There are also some medical facilities like General Family Practice Medical Center and Martin Veterinary Hospital.
Services that are cheaper in Almer than they are nationwide are likely to be retail items such as clothing or furniture since stores like S&R Express Mart offer discounted rates on household products. Additionally, people living in Almer can benefit from lower veterinarian costs at Martin Veterinary Hospital when taking care of their pets.

Almer has an unemployment rate of 6.3%. The US average is 6.0%.

Almer has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 18.0%, which is lower than the US average of 33.5%.

Tax Rates for Almer
- The Sales Tax Rate for Almer is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Almer is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Almer
- The average income of a Almer resident is $27,812 a year. The US average is $28,555 a year.
- The Median household income of a Almer resident is $51,990 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlmer, MichiganUnited States
  6.36
  -6.0%-6.2%
  18.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $30,050$37,638
  $51,990$69,021
  $92,222$85,028
  Population by Occupation
  3.8%1.2%
  0.0%0.5%
  6.5%6.8%
  19.7%10.0%
  5.0%2.5%
  5.4%11.0%
  3.2%4.8%
  0.4%0.8%
  0.4%1.9%
  5.5%4.7%
  1.8%1.9%
  9.2%7.6%
  0.0%0.1%
  1.6%4.2%
  9.8%9.3%
  19.4%14.0%
  0.4%2.1%
  2.0%7.0%
  3.5%4.8%
  2.3%4.7%
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