Seney, MI Economy


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Seney, MI is a small town located in Michigan's Upper Peninsula. It's known for its peaceful atmosphere and stunning views of Lake Michigan. It is home to many local businesses such as Seney's Hardware Store, Reinders General Store, and Seney Bay Grocery Market. The cost of living in Seney is relatively low compared to the US average; for example, 2 bedroom rent in Seney is $830 versus $1,430 nationwide and the grocery cost index in Seney is 90 versus 100 on average throughout the US. This makes it an ideal place for those looking to save money while still enjoying a tranquil lifestyle.

Seney has an unemployment rate of 8.9%. The US average is 6.0%.

Seney has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Seney
- The Sales Tax Rate for Seney is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Seney 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 Seney
- The average income of a Seney resident is $16,895 a year. The US average is $28,555 a year.
- The Median household income of a Seney resident is $45,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySeney, MichiganUnited States
  8.96
  -4.5%-6.2%
  19.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $21,155$37,638
  $45,500$69,021
  $46,375$85,028
  Population by Occupation
  5.3%1.2%
  0.0%0.5%
  0.0%6.8%
  5.3%10.0%
  0.0%2.5%
  21.1%11.0%
  0.0%4.8%
  5.3%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  15.8%14.0%
  0.0%2.1%
  31.6%7.0%
  15.8%4.8%
  0.0%4.7%
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