Germfask, MI Economy


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United States / Michigan / No Metro Area / Schoolcraft County / Germfask / Zip Codes
Germfask, MI is a small town located in the Northern area of Michigan, boasting an array of attractions for visitors and locals alike. Notable local companies include Norse Logging Services, a full-service logging company; Delightful Touches Cafe, an establishment serving fresh coffee and bakery treats; and H&H Building Supplies, offering quality supplies to meet all construction needs. Attractions in Germfask include Little Fisher River Park, a peaceful park featuring walking trails alongside the river and picnic areas; the Red Brick General Store Museum, which showcases artifacts from the 1800s; and Big Marsh Lake Trailhead, an opportunity to explore nature on foot or bike. Furthermore, there are a variety of outdoor activities to partake in such as fishing on one of several lakes nearby or skiing during winter months at Pine Mountain Ski Resort. With its many businesses and attractions Germfask is sure to be an enjoyable place for any visitor or resident.

Germfask has an unemployment rate of 8.9%. The US average is 6.0%.

Germfask 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 19.9%, which is lower than the US average of 33.5%.

Tax Rates for Germfask
- The Sales Tax Rate for Germfask is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Germfask 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 Germfask
- The average income of a Germfask resident is $17,500 a year. The US average is $28,555 a year.
- The Median household income of a Germfask resident is $39,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGermfask, MichiganUnited States
  8.96
  -4.5%-6.2%
  19.9%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,062$37,638
  $39,167$69,021
  $57,917$85,028
  Population by Occupation
  12.9%1.2%
  0.0%0.5%
  12.9%6.8%
  5.4%10.0%
  0.0%2.5%
  5.0%11.0%
  2.5%4.8%
  0.0%0.8%
  0.0%1.9%
  5.0%4.7%
  1.5%1.9%
  1.5%7.6%
  0.0%0.1%
  3.0%4.2%
  4.5%9.3%
  18.8%14.0%
  5.4%2.1%
  17.3%7.0%
  1.5%4.8%
  3.0%4.7%
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