Duncan, MI Economy


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Duncan, MI is a small town located in Michigan with close proximity to major metropolitan areas such as Detroit and Grand Rapids. With its small-town charm and close connection to larger cities, Duncan is an ideal place to live for those looking for a peaceful lifestyle while still having access to the amenities of a larger city. The cost of renting a two bedroom apartment in Duncan is much lower than the national average at $820 per month while the grocery cost index is also below the national average at 90 versus 100 nationwide.
Some of the local businesses that can be found in Duncan include J&T Home Improvement, Coldwell Banker Schmidt Realty, Hackman's Tire & Auto Center, and Webber's Hardware & Farm Supply. There are also numerous local restaurants like Big Boy Restaurant, Skyline Chili Inc., and Tio Gordo's Mexican Grill & Cantina.
Living in Duncan offers many benefits to its residents including low cost of living, peaceful surroundings, strong sense of community and close proximity to major cities. With all these advantages combined, it is easy to see why living in Duncan would be an attractive option for many people looking for a place to call home.

Duncan has an unemployment rate of 5.4%. The US average is 6.0%.

Duncan has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Duncan
- The Sales Tax Rate for Duncan is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Duncan 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 Duncan
- The average income of a Duncan resident is $20,127 a year. The US average is $28,555 a year.
- The Median household income of a Duncan resident is $47,813 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyDuncan, MichiganUnited States
  5.46
  -4.5%-6.2%
  23.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $22,215$37,638
  $47,813$69,021
  $61,875$85,028
  Population by Occupation
  4.3%1.2%
  0.0%0.5%
  12.9%6.8%
  8.6%10.0%
  0.0%2.5%
  20.0%11.0%
  4.3%4.8%
  0.0%0.8%
  8.6%1.9%
  0.0%4.7%
  0.0%1.9%
  2.9%7.6%
  0.0%0.1%
  0.0%4.2%
  2.9%9.3%
  11.4%14.0%
  0.0%2.1%
  22.9%7.0%
  0.0%4.8%
  1.4%4.7%
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