Ossineke, MI Economy


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Ossineke, MI is a small town in northeastern Michigan. It has a population of less than 1,000 people yet offers a lot of amenities to its residents. One major benefit of living in Ossineke is the affordable rent prices. A 2 bedroom apartment averages $850 per month, which is significantly lower than the national average of $1,430. Furthermore, grocery costs are also relatively low with an index score of 91 compared to 100 for the US as a whole.
Located in northern Alcona County, Ossineke offers recreational activities such as golfing, fishing, camping and boating at nearby Bertrand Township Recreation Area and Lake Huron's Thunder Bay National Marine Sanctuary. Additionally, many local businesses call the town home including Hubbard’s IGA Supermarket, J & S Auto Service and OSB Manufacturing. It's convenient location near Alpena makes it easy for residents to enjoy all that downtown features including restaurants and shopping destinations like the Alpena Mall. All in all Ossineke offers a great quality of life for those looking for an affordable place to live without sacrificing amenities or access to entertainment.

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

Ossineke 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 22.6%, which is lower than the US average of 33.5%.

Tax Rates for Ossineke
- The Sales Tax Rate for Ossineke is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ossineke 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 Ossineke
- The average income of a Ossineke resident is $25,193 a year. The US average is $28,555 a year.
- The Median household income of a Ossineke resident is $45,960 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOssineke, MichiganUnited States
  66
  -2.9%-6.2%
  22.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $26,494$37,638
  $45,960$69,021
  $55,250$85,028
  Population by Occupation
  0.0%1.2%
  1.4%0.5%
  5.2%6.8%
  20.7%10.0%
  3.9%2.5%
  8.0%11.0%
  6.6%4.8%
  0.0%0.8%
  0.0%1.9%
  3.0%4.7%
  1.4%1.9%
  1.4%7.6%
  0.0%0.1%
  2.2%4.2%
  1.4%9.3%
  25.9%14.0%
  0.0%2.1%
  3.0%7.0%
  10.7%4.8%
  5.2%4.7%
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