Mount Haley, MI Economy


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Mount Haley, MI is a small town located in the Midwestern United States. It has an affordable cost of living, with two-bedroom rent averaging at $940 per month, which is cheaper than the national average of $1,430. The town's Grocery Cost Index is 92 versus 100 in the US, making groceries more affordable than most other areas. Local companies include Primus Trucking Inc., Mount Haley Welding and Fabrication, and Old Barn Woodworking. These businesses provide employment opportunities and contribute to the growing economy of the town.

Mount Haley has an unemployment rate of 5.2%. The US average is 6.0%.

Mount Haley has seen the job market increase by 0.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Mount Haley
- The Sales Tax Rate for Mount Haley is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mount Haley 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 Mount Haley
- The average income of a Mount Haley resident is $24,273 a year. The US average is $28,555 a year.
- The Median household income of a Mount Haley resident is $70,859 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMount Haley, MichiganUnited States
  5.26
  -5.1%-6.2%
  19.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $35,792$37,638
  $70,859$69,021
  $85,500$85,028
  Population by Occupation
  3.1%1.2%
  0.0%0.5%
  10.7%6.8%
  19.7%10.0%
  0.3%2.5%
  11.8%11.0%
  2.8%4.8%
  0.8%0.8%
  0.3%1.9%
  0.9%4.7%
  0.0%1.9%
  4.1%7.6%
  0.0%0.1%
  4.0%4.2%
  4.7%9.3%
  17.9%14.0%
  0.9%2.1%
  6.4%7.0%
  6.0%4.8%
  5.4%4.7%
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