Faithorn, Michigan 

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Economy in Faithorn, Michigan

Faithorn has an unemployment rate of 4.4%. The US average is 3.9%.

Faithorn has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 14.7%, which is lower than the US average of 33.5%.

Tax Rates for Faithorn
- The Sales Tax Rate for Faithorn is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Faithorn 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 Faithorn
- The average income of a Faithorn resident is $23,912 a year. The US average is $28,555 a year.
- The Median household income of a Faithorn resident is $55,625 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYFaithorn, MichiganUnited States
  5.0%3.7%
  -0.5%1.6%
  14.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $31,701$31,177
  $68,500$57,652
  $76,250$70,850
  POPULATION BY OCCUPATION
  6.5%1.3%
  0.0%0.6%
  4.3%6.2%
  20.1%10.4%
  2.2%2.7%
  5.8%11.6%
  17.3%4.1%
  5.8%0.9%
  1.4%2.1%
  2.2%4.7%
  0.0%1.9%
  0.7%6.7%
  0.0%0.1%
  0.0%4.3%
  1.4%9.3%
  12.2%13.8%
  1.4%2.2%
  14.4%7.4%
  3.6%4.9%
  0.7%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 5.2%)
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    MAPS OF FAITHORN, MICHIGAN
    ZIP CODES IN FAITHORN, MICHIGAN
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    NEW LISTINGS IN FAITHORN
    $74,900
    Camp 31 Ln
    Bed 0 | Bath 0

    $189,000
    W7865 Elmers Ln
    Bed 4 | Bath 2

    $168,000
    County Road 577
    Bed 0 | Bath 1


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