Norman, MI Economy


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United States / Michigan / No Metro Area / Manistee County / Norman / Zip Codes
Norman, MI is a small town located in the Midwest, surrounded by scenic lakes and lush forests. It has a population of about 890 people and offers an affordable cost of living. The average two bedroom rent in Norman is $910, which is significantly less than the national average of $1,430. Additionally, the Grocery Cost Index in Norman is 89 as compared to 100 in the US. Local businesses such as Norman Hardware store, The Dog House diner, and Houghton Electronics are key parts of this vibrant community.

Norman has an unemployment rate of 7.6%. The US average is 6.0%.

Norman has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.

Tax Rates for Norman
- The Sales Tax Rate for Norman is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norman 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 Norman
- The average income of a Norman resident is $36,532 a year. The US average is $37,638 a year.
- The Median household income of a Norman resident is $61,500 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorman, 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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