Brockway, MI Economy


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\nBrockway, MI is a small town located in the state of Michigan. It's an ideal location for people looking for an affordable place to live with its 2 bedroom rent being $1,010 compared to the US average of $1,430. The grocery cost index here is also lower than the national average at 93 as opposed to 100. It is a great choice for people wanting to live on a budget while still enjoying all the benefits of living in Michigan. Brockway offers plenty of local businesses like Bob's Bakery, John’s Pub & Grill, and Mary’s Grocery Store that offer delicious food and products from local brands. In addition, there are plenty of outdoor activities to enjoy such as fishing in the nearby lake or hiking through the nearby woods. All these amenities combine to make Brockway a great place for anyone looking for an affordable yet exciting place to call home.

Brockway has an unemployment rate of 4.5%. The US average is 6.0%.

Brockway has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.

Tax Rates for Brockway
- The Sales Tax Rate for Brockway is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Brockway 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 Brockway
- The average income of a Brockway resident is $23,474 a year. The US average is $28,555 a year.
- The Median household income of a Brockway resident is $73,911 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBrockway, MichiganUnited States
  4.56
  -10.5%-6.2%
  34.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $31,151$37,638
  $73,911$69,021
  $77,875$85,028
  Population by Occupation
  5.5%1.2%
  0.0%0.5%
  7.6%6.8%
  21.6%10.0%
  1.3%2.5%
  14.7%11.0%
  4.4%4.8%
  0.3%0.8%
  0.3%1.9%
  2.4%4.7%
  0.3%1.9%
  1.6%7.6%
  0.0%0.1%
  5.6%4.2%
  6.2%9.3%
  9.3%14.0%
  3.6%2.1%
  9.8%7.0%
  3.5%4.8%
  1.9%4.7%
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