Amasa, MI Economy


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United States / Michigan / No Metro Area / Iron County / Amasa / Zip Codes
Amasa, MI is an incredible place to call home. The cost of living is fairly low with two bedroom rent being around $750 per month, and the grocery cost index being 90 compared to the US where it is 100. It's a great destination for those looking for a more affordable place to live without sacrificing other amenities. Amasa also has plenty of attractions and businesses to keep you occupied. One of the most popular attractions is Porcupine Mountains Wilderness State Park, where visitors can enjoy hiking trails, beaches, and waterfalls. Businesses such as Amasa Auto Parts, Country Kettle Restaurant, and Silver Dollar Saloon also add to the culture of this small town.

Amasa has an unemployment rate of 6.8%. The US average is 6.0%.

Amasa has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Amasa
- The Sales Tax Rate for Amasa is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Amasa 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 Amasa
- The average income of a Amasa resident is $17,260 a year. The US average is $28,555 a year.
- The Median household income of a Amasa resident is $32,610 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAmasa, MichiganUnited States
  6.86
  -5.4%-6.2%
  24.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $23,600$37,638
  $32,610$69,021
  $37,813$85,028
  Population by Occupation
  2.0%1.2%
  0.0%0.5%
  5.9%6.8%
  35.6%10.0%
  1.0%2.5%
  9.9%11.0%
  1.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  22.8%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  9.9%14.0%
  2.0%2.1%
  2.0%7.0%
  4.0%4.8%
  4.0%4.7%
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