Chase, MI Economy


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United States / Michigan / No Metro Area / Lake County / Chase / Zip Codes
Chase, MI is a small town located in central Michigan. It is a great place to live with many local businesses to enjoy. Some of the popular businesses located around Chase are Chase Family Restaurant, Tyson's Bar & Grill, and The Local Coffee Shop. These places offer people in the area access to delicious food and drinks while also supporting their local economy. Renting a two bedroom apartment in Chase costs $830 per month, which is much less than the national average rent of $1,430 per month. Additionally, the grocery cost index in Chase is 90 compared to the US’s 100; this makes groceries more affordable for those living there. All of these factors make Chase an attractive option for potential residents who are looking for a smaller town lifestyle with great amenities at an affordable price.

Chase has an unemployment rate of 8.4%. The US average is 6.0%.

Chase has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.

Tax Rates for Chase
- The Sales Tax Rate for Chase is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chase 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 Chase
- The average income of a Chase resident is $17,176 a year. The US average is $28,555 a year.
- The Median household income of a Chase resident is $51,302 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyChase, MichiganUnited States
  8.46
  0.6%-6.2%
  28.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $22,697$37,638
  $51,302$69,021
  $64,107$85,028
  Population by Occupation
  4.4%1.2%
  0.0%0.5%
  9.9%6.8%
  13.9%10.0%
  0.7%2.5%
  6.2%11.0%
  5.1%4.8%
  1.4%0.8%
  1.4%1.9%
  4.6%4.7%
  1.2%1.9%
  9.2%7.6%
  0.0%0.1%
  3.7%4.2%
  4.2%9.3%
  3.9%14.0%
  0.7%2.1%
  18.0%7.0%
  1.8%4.8%
  9.7%4.7%
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