Ira, MI Economy


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Ira, MI is a small town located in Michigan's mid-western region. It is an ideal location for those looking for a quiet place to call home. The cost of living in Ira is cheaper than the US average as indicated by the lower 2 Bedroom rent of $1,160 compared to the US average of $1430. Additionally, the grocery cost index in Ira is 96 compared to 100 in the US.
Living in Ira offers residents access to local businesses such as Sunoco Auto Supply, The Corner Store, and Chet's Hardware Store. These businesses provide many shopping and service options for locals. There are also several parks and recreational activities close by where residents can take part in a variety of outdoor activities such as fishing, camping, and hiking.
The small-town charm plus great amenities make living in Ira an attractive prospect for those looking for a peaceful place to call home with plenty of services nearby.

Ira has an unemployment rate of 4.5%. The US average is 6.0%.

Ira has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 34.8%, which is higher than the US average of 33.5%.

Tax Rates for Ira
- The Sales Tax Rate for Ira is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ira 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 Ira
- The average income of a Ira resident is $27,349 a year. The US average is $28,555 a year.
- The Median household income of a Ira resident is $84,890 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyIra, MichiganUnited States
  4.56
  -10.5%-6.2%
  34.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $42,393$37,638
  $84,890$69,021
  $103,683$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  9.4%6.8%
  26.2%10.0%
  1.5%2.5%
  7.3%11.0%
  4.4%4.8%
  0.9%0.8%
  0.4%1.9%
  3.8%4.7%
  3.3%1.9%
  6.1%7.6%
  0.0%0.1%
  1.3%4.2%
  6.5%9.3%
  18.1%14.0%
  0.9%2.1%
  3.9%7.0%
  2.8%4.8%
  3.3%4.7%
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