Mansfield, MI Economy


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United States / Michigan / No Metro Area / Iron County / Mansfield / Zip Codes
\nMansfield, MI is a great place to live with plenty of job opportunities and amenities. With a cost of living index of 90, the rent for a two-bedroom apartment in Mansfield is $800 per month compared to the US average of $1,430. There are many local companies in Mansfield such as Amcor Rigid Plastics, Hi-Lex Controls Inc., National Machinery LLC and Reliable Sewing & Vacuum Center. The city offers many amenities such as shopping centers, restaurants, parks and recreational areas. There are also many attractions in Mansfield like the Ohio State Reformatory Historic Site, the Richland Carrousel Park and Malabar Farm State Park. All these factors make Mansfield a desirable place to live in Michigan.

Mansfield has an unemployment rate of 6.8%. The US average is 6.0%.

Mansfield has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Mansfield
- The Sales Tax Rate for Mansfield is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Mansfield 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 Mansfield
- The average income of a Mansfield resident is $20,636 a year. The US average is $28,555 a year.
- The Median household income of a Mansfield resident is $54,219 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyMansfield, MichiganUnited States
  6.86
  -5.4%-6.2%
  24.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $31,486$37,638
  $54,219$69,021
  $61,563$85,028
  Population by Occupation
  9.9%1.2%
  0.0%0.5%
  0.0%6.8%
  13.5%10.0%
  1.8%2.5%
  1.8%11.0%
  5.4%4.8%
  1.8%0.8%
  1.8%1.9%
  7.2%4.7%
  3.6%1.9%
  5.4%7.6%
  0.0%0.1%
  0.0%4.2%
  9.9%9.3%
  17.1%14.0%
  1.8%2.1%
  1.8%7.0%
  4.5%4.8%
  12.6%4.7%
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