Escanaba, MI Economy


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Escanaba, MI is a vibrant city with much to offer. It has an affordable cost of living, with the two bedroom rent for only $850 compared to the national average of $1,430. Grocery prices are even lower with a grocery cost index of 90 compared to 100 in the US. As far as other amenities go, there is plenty to do in Escanaba. There are a variety of local companies and businesses such as Escanaba Electronics Inc., which provides electronic products and services; Joe's Bar and Grill, which offers delicious pub grub; and Adventureland Park, which features family-friendly activities like mini golf and batting cages. Escanaba also offers many outdoor activities such as hiking trails at Ludington Park and fishing on Little Bay de Noc. With its low cost of living and variety of businesses and attractions, Escanaba is an ideal city for those looking for a fresh start.

Escanaba has an unemployment rate of 6.4%. The US average is 6.0%.

Escanaba has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for Escanaba
- The Sales Tax Rate for Escanaba is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Escanaba 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 Escanaba
- The average income of a Escanaba resident is $19,606 a year. The US average is $28,555 a year.
- The Median household income of a Escanaba resident is $36,173 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEscanaba, MichiganUnited States
  6.46
  -4.9%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $25,833$37,638
  $36,173$69,021
  $53,761$85,028
  Population by Occupation
  0.7%1.2%
  0.0%0.5%
  6.1%6.8%
  13.2%10.0%
  4.1%2.5%
  17.6%11.0%
  2.2%4.8%
  0.3%0.8%
  2.9%1.9%
  3.6%4.7%
  0.3%1.9%
  1.1%7.6%
  0.0%0.1%
  1.5%4.2%
  4.7%9.3%
  17.3%14.0%
  3.4%2.1%
  12.2%7.0%
  4.7%4.8%
  4.1%4.7%
Reviews for Escanaba
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Over 6 years ago

I am so honored and thankful that I was born and raised in America, and that I have the freedoms and liberties bestowed upon its citizens. In the Upper Peninsula, I  More

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Over 14 years ago

I am not a native of Escanaba, however I have lived in many different areas. I found Escanaba's climate in relation to Michigan as pretty moderate. The housing is  More

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Over 16 years ago

Don't expect to find a good job or make friends here unless you know someone. The often repeated phrase "You're not from here, are you?" is more of an accusation than a  More

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