Hume, MI Economy


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United States / Michigan / No Metro Area / Huron County / Hume / Zip Codes
Hume, MI is a quiet rural town in Michigan with a population of around 1,100 people. It is known for its scenic views and peaceful atmosphere. Residents of Hume benefit from low rent costs; the 2 bedroom rate is only $820 compared to the US average of $1,430. Groceries are also relatively inexpensive in Hume with a grocery cost index of 92 compared to 100 on average across the US.
The small town offers many local attractions such as the Thumb Area Historical Museum which houses artifacts going back to Civil War times and gives visitors a look into Hume’s history. A popular spot to visit is Naco Beach Park which features picnic tables, grills, playground equipment, restrooms and more for outdoor activities. Businesses in Hume include The HomeTown Bakery which serves up delicious pastries, pies and cakes; Karla's Country Market offering fresh produce and deli meats; and Roach Auto Repair providing professional car repair services to locals. Whether you're looking for a peaceful home or an outdoor escape, Hume has something for everyone.

Hume has an unemployment rate of 5.7%. The US average is 6.0%.

Hume has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 14.3%, which is lower than the US average of 33.5%.

Tax Rates for Hume
- The Sales Tax Rate for Hume is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hume 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 Hume
- The average income of a Hume resident is $25,421 a year. The US average is $28,555 a year.
- The Median household income of a Hume resident is $51,250 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHume, MichiganUnited States
  5.76
  -3.7%-6.2%
  14.3%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,811$37,638
  $51,250$69,021
  $72,917$85,028
  Population by Occupation
  9.7%1.2%
  0.0%0.5%
  8.6%6.8%
  13.4%10.0%
  1.1%2.5%
  8.9%11.0%
  1.5%4.8%
  0.0%0.8%
  0.0%1.9%
  2.6%4.7%
  4.8%1.9%
  1.1%7.6%
  0.0%0.1%
  0.4%4.2%
  6.3%9.3%
  20.8%14.0%
  2.6%2.1%
  11.2%7.0%
  3.0%4.8%
  4.1%4.7%
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