Freedom, Michigan 

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Economy in Freedom, Michigan

Freedom has an unemployment rate of 3.5%. The US average is 5.2%.

Freedom has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 41.2%, which is higher than the US average of 38.0%.

Tax Rates for Freedom
- The Sales Tax Rate for Freedom is 6.0%. The US average is 6.0%.
- The Income Tax Rate for Freedom is 4.3%. The US average is 4.6%.

Income and Salaries for Freedom
- The average income of a Freedom resident is $37,566 a year. The US average is $28,555 a year.
- The Median household income of a Freedom resident is $75,486 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

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  ECONOMYFreedom, MichiganUnited States
  Unemployment Rate3.5%5.2%
  Recent Job Growth2.3%1.6%
  Future Job Growth41.2%38.0%
  Sales Taxes6.0%6.0%
  Income Taxes4.3%4.6%
  Income per Cap.$37,566$28,555
  Household Income$75,486$53,482
  Family Median Income$91,354$65,443
  POPULATION BY OCCUPATION
  Agriculture, forestry, fishing, hunting1.8%1.3%
  Mining, quarrying, oil and gas extraction0.0%0.6%
  Construction6.9%6.2%
  Manufacturing18.1%10.4%
  Wholesale trade6.8%2.7%
  Retail trade7.0%11.6%
  Transportation and warehousing2.3%4.1%
  Utilities00
  Information3.0%2.1%
  Finance and insurance1.5%4.7%
  Real estate, rental, leasing1.6%1.9%
  Professional, scientific, technical services6.9%6.7%
  Management of companies0.0%0.1%
  Administrative, support, waste mgt svcs2.0%4.3%
  Educational services8.2%9.3%
  Health care and social assistance12.7%13.8%
  Arts, entertainment, recreation1.6%2.2%
  Accommodation, food services4.6%7.4%
  Other services10.1%4.9%
  Public administration4.1%4.8%
ECONOMY MAP
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