Raisinville, MI Economy


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Raisinville, MI is a great place to live with many local amenities. It is known for its low cost of living due to the low rent prices ($1,000 for a 2 bedroom) and grocery cost index (94 compared to 100 in the US). Raisinville has many attractions for locals including The Raisinville Park, The Raisinville Community Center, and The Raisinville Library. Many companies are also located in the area such as Red Apple Grocery Store, Little Green Nursery, Carrots Cafe, and Pete's Hardware Store. Residents can enjoy all of these places while taking advantage of the lower costs associated with living in Raisinville.

Raisinville has an unemployment rate of 5.6%. The US average is 6.0%.

Raisinville has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Raisinville
- The Sales Tax Rate for Raisinville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Raisinville 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 Raisinville
- The average income of a Raisinville resident is $41,554 a year. The US average is $37,638 a year.
- The Median household income of a Raisinville resident is $81,711 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyRaisinville, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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