Free Soil, MI Economy


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Free Soil, MI is a small town in the heart of Michigan with a population of fewer than 500 people. The 2 bedroom rent in Free Soil is $890 compared to the US average of $1,430. And grocery cost index in Free Soil is 91 versus 100 in the US, making it a great place to live for those on a budget.
The town is home to several local businesses such as The Feed Store, offering fresh and local produce; TJ’s Bar & Grill for delicious food and drinks; and Johnson's Auto Repair for all your vehicle needs.
For those looking for a bit of adventure, Free Soil offers plenty of attractions including Lake Michigan Beach Park for beautiful views and miles of sandy beaches; Crystal Mountain Ski Resort for snow sports enthusiasts; Portage Lake Lift Bridge for those who love stunning architectural features; and Sand Lakes Quiet Area trails with over 19 miles of trails available for hiking, biking, skiing or snowmobiling.

Free Soil has an unemployment rate of 6.9%. The US average is 6.0%.

Free Soil has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Free Soil
- The Sales Tax Rate for Free Soil is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Free Soil 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 Free Soil
- The average income of a Free Soil resident is $17,524 a year. The US average is $28,555 a year.
- The Median household income of a Free Soil resident is $39,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFree Soil, MichiganUnited States
  6.96
  -6.6%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,808$37,638
  $39,500$69,021
  $64,688$85,028
  Population by Occupation
  9.5%1.2%
  2.4%0.5%
  2.4%6.8%
  26.2%10.0%
  0.0%2.5%
  16.7%11.0%
  9.5%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  2.4%1.9%
  2.4%7.6%
  0.0%0.1%
  4.8%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  14.3%7.0%
  2.4%4.8%
  7.1%4.7%
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