Olivet, Michigan 

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Economy in Olivet, Michigan

Olivet has an unemployment rate of 4.9%. The US average is 6.0%.

Olivet has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.

Tax Rates for Olivet
- The Sales Tax Rate for Olivet is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Olivet 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 Olivet
- The average income of a Olivet resident is $14,976 a year. The US average is $28,555 a year.
- The Median household income of a Olivet resident is $41,905 a year. The US average is $53,482 a year.

INCOME BY POPULATION PERCENT

  ECONOMYOlivet, MichiganUnited States
  4.9%6.0%
  -6.9%-6.2%
  34.0%33.5%
  6.0%6.2%
  4.3%4.6%
  $14,466$31,177
  $43,466$57,652
  $55,833$70,850
  POPULATION BY OCCUPATION
  0.0%1.3%
  0.0%0.6%
  1.3%6.2%
  14.4%10.4%
  0.3%2.7%
  11.2%11.6%
  2.0%4.1%
  0.0%0.9%
  1.3%2.1%
  4.2%4.7%
  1.2%1.9%
  2.9%6.7%
  0.0%0.1%
  2.8%4.3%
  27.9%9.3%
  4.7%13.8%
  3.8%2.2%
  13.7%7.4%
  4.2%4.9%
  4.1%4.8%
ECONOMY MAP
  • Unemployment Rate (US Avg: 6%)
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