Copper Harbor, MI Economy


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Copper Harbor, MI is a small town nestled on the shores of Lake Superior. It offers beautiful views, peaceful surroundings and plenty of activities for all ages. The cost of living is low here with an average two-bedroom rent being $770 compared to the US average of $1,430. The grocery cost index in Copper Harbor is also low at 99 compared to the 100 in the US.
The town provides many recreational opportunities including fishing, kayaking, skiing and snowmobiling. Popular local attractions include Fort Wilkins Historic State Park, Copper Harbor Lighthouse and Estivant Pines Nature Sanctuary. Local companies in Copper Harbor include Brickside Brewery and Keweenaw Adventure Company which offer guided tours and outdoor experiences throughout the area. There are also numerous restaurants and cafes offering a variety of cuisines for visitors to explore.

Copper Harbor has an unemployment rate of 7.2%. The US average is 6.0%.

Copper Harbor has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 22.1%, which is lower than the US average of 33.5%.

Tax Rates for Copper Harbor
- The Sales Tax Rate for Copper Harbor is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Copper Harbor 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 Copper Harbor
- The average income of a Copper Harbor resident is $32,457 a year. The US average is $28,555 a year.
- The Median household income of a Copper Harbor resident is $54,583 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCopper Harbor, MichiganUnited States
  7.26
  -4.3%-6.2%
  22.1%33.5%
  6.0%6.2%
  4.3%4.6%
  $33,629$37,638
  $54,583$69,021
  $81,875$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  10.0%10.0%
  0.0%2.5%
  25.0%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  7.5%7.6%
  0.0%0.1%
  0.0%4.2%
  17.5%9.3%
  0.0%14.0%
  0.0%2.1%
  20.0%7.0%
  0.0%4.8%
  20.0%4.7%
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