North Star, MI Economy


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North Star, MI is an affordable place to live compared to other parts of the United States. According to the information above, 2 bedroom rent in North Star is $820 versus the US average of $1,430. Additionally, grocery cost index in North Star is 91 versus 100 nationally. This makes it easy for families and individuals to live comfortably on a budget. North Star has several local companies that contribute to its economy such as Countryside Lumber Company, Bob's Carpet Cleaning Service and Laffey's Restaurant. These businesses provide employment opportunities and serve local residents with quality services. Compared to living in the US generally, living in North Star allows people to benefit from more affordable housing costs and groceries which is ideal for those who are looking for a cost effective way of life.

North Star has an unemployment rate of 5.6%. The US average is 6.0%.

North Star has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 20.5%, which is lower than the US average of 33.5%.

Tax Rates for North Star
- The Sales Tax Rate for North Star is 6.0%. The US average is 7.3%.
- The Income Tax Rate for North Star 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 North Star
- The average income of a North Star resident is $24,873 a year. The US average is $37,638 a year.
- The Median household income of a North Star resident is $57,955 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNorth Star, MichiganUnited States
  5.66
  -4.5%-6.2%
  20.5%33.5%
  6.0%6.2%
  4.3%4.6%
  $24,873$37,638
  $57,955$69,021
  $57,946$85,028
  Population by Occupation
  6.7%1.2%
  0.0%0.5%
  6.5%6.8%
  17.2%10.0%
  1.5%2.5%
  8.7%11.0%
  2.6%4.8%
  0.2%0.8%
  1.3%1.9%
  3.7%4.7%
  0.0%1.9%
  4.3%7.6%
  0.0%0.1%
  1.1%4.2%
  6.5%9.3%
  18.0%14.0%
  2.0%2.1%
  8.5%7.0%
  8.3%4.8%
  2.8%4.7%
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