Economy in Belknap, Michigan

Belknap has an unemployment rate of 7.1%. The US average is 3.7%.

Belknap has seen the job market decrease by -0.7% over the last year. Future job growth over the next ten years is predicted to be 11.8%, which is lower than the US average of 33.5%.

Tax Rates for Belknap
- The Sales Tax Rate for Belknap is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Belknap 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 Belknap
- The average income of a Belknap resident is $19,355 a year. The US average is $28,555 a year.
- The Median household income of a Belknap resident is $38,958 a year. The US average is $53,482 a year.