Negaunee township, MI Economy


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Negaunee township in Michigan is an ideal place to live or visit due to its affordable rent and cost of living. The two bedroom rent in Negaunee township is $900 compared to the US average of $1430 making it much more affordable for those looking to move or visit. Additionally, the Grocery Cost Index in Negaunee township is 92 versus 100 in the US making it even more economical for people looking to shop locally.
Negaunee township is known for its many local businesses such as K&K Hardware, Ruby's Bakery, and the Negaunee Farmers' Market. These businesses are popular among locals and visitors alike and offer a variety of products ranging from hardware supplies to fresh baked goods. With plenty of options available, residents can enjoy quality products at low prices.

Negaunee township has an unemployment rate of 5.9%. The US average is 6.0%.

Negaunee township has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.

Tax Rates for Negaunee township
- The Sales Tax Rate for Negaunee township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Negaunee township 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 Negaunee township
- The average income of a Negaunee township resident is $30,464 a year. The US average is $37,638 a year.
- The Median household income of a Negaunee township resident is $79,800 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNegaunee township, MichiganUnited States
  5.96
  -5.9%-6.2%
  19.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $30,464$37,638
  $79,800$69,021
  $93,019$85,028
  Population by Occupation
  0.0%1.2%
  5.3%0.5%
  3.8%6.8%
  8.1%10.0%
  0.4%2.5%
  11.7%11.0%
  10.1%4.8%
  1.3%0.8%
  0.3%1.9%
  4.2%4.7%
  0.6%1.9%
  1.0%7.6%
  0.0%0.1%
  2.6%4.2%
  11.0%9.3%
  14.9%14.0%
  1.7%2.1%
  4.2%7.0%
  4.0%4.8%
  14.8%4.7%
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