Casnovia, MI Economy


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Casnovia, MI is a small village in Muskegon County with a population of fewer than 500 people. It is known for its affordable housing, with two-bedroom rent costing around $1,170 compared to the US average of $1,430. Its grocery cost index is also less than the national average, at 94 versus 100. The village has an array of local companies and attractions that residents can enjoy, including Westside Eatery, a family-owned restaurant specializing in breakfast and lunch options; Casnovia Park, offering picnic areas, playgrounds and sports fields; and Michigan Oil & Gas Exploration Company which provides drilling services to the community. Casnovia is a great place to live for those seeking an affordable lifestyle without sacrificing amenities or access to local businesses.

Casnovia has an unemployment rate of 4.8%. The US average is 6.0%.

Casnovia has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 37.7%, which is higher than the US average of 33.5%.

Tax Rates for Casnovia
- The Sales Tax Rate for Casnovia is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Casnovia 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 Casnovia
- The average income of a Casnovia resident is $18,312 a year. The US average is $28,555 a year.
- The Median household income of a Casnovia resident is $59,375 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCasnovia, MichiganUnited States
  4.86
  -6.2%-6.2%
  37.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $32,831$37,638
  $59,375$69,021
  $57,321$85,028
  Population by Occupation
  1.9%1.2%
  0.0%0.5%
  9.7%6.8%
  15.7%10.0%
  0.9%2.5%
  18.5%11.0%
  4.2%4.8%
  0.0%0.8%
  0.5%1.9%
  7.4%4.7%
  0.0%1.9%
  7.9%7.6%
  0.0%0.1%
  6.0%4.2%
  2.3%9.3%
  11.6%14.0%
  0.0%2.1%
  8.3%7.0%
  3.7%4.8%
  1.4%4.7%
Health
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