Interior, MI Economy


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United States / Michigan / No Metro Area / Ontonagon County / Interior / Zip Codes
Interior, MI is a small town located in the US. It is known for its affordable living costs, with 2 bedroom rent at $800 compared to the national average of $1,430. Furthermore, grocery costs are also more affordable at 90 on the Index versus 100 on the national level. There are many great local companies in Interior such as ABC Plumbing Supplies and XYZ Hardware Store. These businesses offer quality services and products at competitive prices, allowing locals to save even more money and enjoy a higher standard of living. With all these factors combined, Interior is a great place to live if you are looking for an affordable cost of living.

Interior has an unemployment rate of 7.8%. The US average is 6.0%.

Interior has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 6.9%, which is lower than the US average of 33.5%.

Tax Rates for Interior
- The Sales Tax Rate for Interior is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Interior 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 Interior
- The average income of a Interior resident is $26,220 a year. The US average is $37,638 a year.
- The Median household income of a Interior resident is $37,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyInterior, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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