Friendship, MI Economy


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United States / Michigan / No Metro Area / Emmet County / Friendship / Zip Codes
equestId":"3e6d495a-3395-4572-a79f-ff079691c2a3","resource":"content","data":[{"id":"txt_c39ab762e1df464fb3efb4e6d2520645","text":"/shopping centers\n \nFriendship, MI is a small city located in the Upper Peninsula. It's known for its breathtaking views and outdoor activities like hiking, kayaking, and fishing. The city offers affordable housing with the average two bedroom rent being only $820 per month compared to the US average of $1,430. Furthermore, Friendship is an affordable place to shop - grocery costs are 96% of the national average. There are a variety of local businesses and shopping centers in Friendship such as Big Boy Restaurant, Dollar General, and Walmart Supercenter where locals can purchase all their essential items. There are also a multitude of specialty stores such as Mary’s Country Store and U.P. True Value that offer unique gifts that are perfect for visitors or souvenirs!

Friendship has an unemployment rate of 7.5%. The US average is 6.0%.

Friendship has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Friendship
- The Sales Tax Rate for Friendship is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Friendship 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 Friendship
- The average income of a Friendship resident is $31,943 a year. The US average is $28,555 a year.
- The Median household income of a Friendship resident is $68,750 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyFriendship, MichiganUnited States
  7.56
  -8.2%-6.2%
  24.2%33.5%
  6.0%6.2%
  4.3%4.6%
  $41,625$37,638
  $68,750$69,021
  $87,143$85,028
  Population by Occupation
  4.1%1.2%
  0.0%0.5%
  17.9%6.8%
  13.2%10.0%
  1.8%2.5%
  6.5%11.0%
  4.4%4.8%
  0.0%0.8%
  0.0%1.9%
  3.6%4.7%
  2.1%1.9%
  7.3%7.6%
  0.0%0.1%
  5.7%4.2%
  4.7%9.3%
  12.4%14.0%
  2.6%2.1%
  4.9%7.0%
  5.4%4.8%
  3.4%4.7%
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