Norton Shores, MI Economy

Norton Shores, MI is a wonderful place to live and work in. It provides an affordable cost of living with two bedroom rent prices at $1,030 and grocery costs at 93 index versus the 100 index for the US. Norton Shores is known for its outdoor activities, such as hiking trails and beautiful beaches. The economy is thriving with major companies like Gerber Products Company, Graff Chevrolet, Wesco Distribution Inc., and Lakeshore Dental Arts Inc. Employment opportunities are also provided by these companies and many other small businesses in the area.

Norton Shores has an unemployment rate of 7.5%. The US average is 6.0%.

Norton Shores 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 26.8%, which is lower than the US average of 33.5%.

Tax Rates for Norton Shores
- The Sales Tax Rate for Norton Shores is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Norton Shores 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 Norton Shores
- The average income of a Norton Shores resident is $28,255 a year. The US average is $28,555 a year.
- The Median household income of a Norton Shores resident is $69,501 a year. The US average is $69,021 a year.

Income by Population Percent

Economy	Norton Shores, Michigan	United States
	7.5	6
	-7.3%	-6.2%
	26.8%	33.5%
	6.0%	6.2%
	4.3%	4.6%
	$33,130	$37,638
	$69,501	$69,021
	$80,044	$85,028
Population by Occupation
	0.4%	1.2%
	0.0%	0.5%
	5.2%	6.8%
	21.6%	10.0%
	3.2%	2.5%
	10.6%	11.0%
	3.2%	4.8%
	0.6%	0.8%
	0.7%	1.9%
	2.1%	4.7%
	1.6%	1.9%
	3.6%	7.6%
	0.5%	0.1%
	2.9%	4.2%
	6.3%	9.3%
	15.8%	14.0%
	2.8%	2.1%
	8.6%	7.0%
	5.3%	4.8%
	5.0%	4.7%