Goodland, MI Economy


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Goodland, MI is a small town located in the northwest corner of Michigan. This small town provides its residents with many amenities that make it a great place to call home. Rent for two bedroom apartments is much lower than the US average at $1,020. Grocery costs are also lower due the Grocery Cost Index being 95 versus 100 in the US. The local economy is driven by companies such as Rosco's Pizza and Subs, Goodland Auto Parts, and Dawe's Auto Repair. These businesses provide plenty of job opportunities to the people who live in Goodland, MI and help keep the economy stable.

Goodland has an unemployment rate of 4.9%. The US average is 6.0%.

Goodland has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 33.8%, which is higher than the US average of 33.5%.

Tax Rates for Goodland
- The Sales Tax Rate for Goodland is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Goodland 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 Goodland
- The average income of a Goodland resident is $20,153 a year. The US average is $28,555 a year.
- The Median household income of a Goodland resident is $79,890 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGoodland, MichiganUnited States
  4.96
  -10.4%-6.2%
  33.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,206$37,638
  $79,890$69,021
  $94,191$85,028
  Population by Occupation
  15.2%1.2%
  0.0%0.5%
  5.1%6.8%
  32.7%10.0%
  1.3%2.5%
  7.4%11.0%
  4.0%4.8%
  0.2%0.8%
  0.8%1.9%
  0.0%4.7%
  0.0%1.9%
  7.8%7.6%
  0.0%0.1%
  1.9%4.2%
  3.1%9.3%
  9.5%14.0%
  0.9%2.1%
  3.7%7.0%
  4.2%4.8%
  2.1%4.7%
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