Augusta, MI Economy


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Augusta, MI is a great place to live, offering affordable rent compared to the US average. A two bedroom living space in Augusta can cost around $1,090 while the national average for two bedrooms is $1,430. Grocery costs are also lower here with a grocery cost index of 95 as opposed to 100 in the US.
Local companies and attractions include the popular restaurant 'Fondy's', which offers delicious food from American comfort classics to Mexican favorites. Popular outdoor activities such as kayaking and fishing can be enjoyed at the nearby Rice Creek Chain of Lakes Park Reserve. The park offers an extensive network of trails and pathways which are perfect for biking, horseback riding or simply taking a leisurely stroll. Augusta is also home to many historical landmarks such as the August Historical Museum and Mill Pond Park, created by local lumber baron John Hardin in 1883.

Augusta has an unemployment rate of 5.1%. The US average is 6.0%.

Augusta has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.

Tax Rates for Augusta
- The Sales Tax Rate for Augusta is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Augusta 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 Augusta
- The average income of a Augusta resident is $21,152 a year. The US average is $28,555 a year.
- The Median household income of a Augusta resident is $61,917 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAugusta, MichiganUnited States
  5.16
  -6.0%-6.2%
  32.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,997$37,638
  $61,917$69,021
  $63,661$85,028
  Population by Occupation
  0.4%1.2%
  0.0%0.5%
  4.6%6.8%
  27.4%10.0%
  0.2%2.5%
  6.7%11.0%
  3.9%4.8%
  3.0%0.8%
  1.3%1.9%
  2.4%4.7%
  2.0%1.9%
  1.1%7.6%
  0.0%0.1%
  0.7%4.2%
  5.0%9.3%
  11.7%14.0%
  2.6%2.1%
  12.6%7.0%
  10.7%4.8%
  3.7%4.7%
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