Pellston, MI Economy


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United States / Michigan / No Metro Area / Emmet County / Pellston / Zip Codes
Pellston, MI is a small town located in northern Michigan. Despite its size, it has plenty of amenities that make it an ideal place to live. It has a grocery cost index of 90, which is lower than the US average of 100. This makes it a great option for those on a budget. There are also 2 bedroom rental prices that are quite low at only $980 per month compared to the US average of $1,430.
The area is home to many businesses such as Pellston Regional Airport, Pellston Public School District, D&D Automotive Inc., and Eckerman's Food Center. It also offers many recreational activities like golfing and hiking in nearby trails or riverside parks. The town also has many restaurants and local shops that offer unique items from Michigan's Upper Peninsula. With all these great offerings combined with low rent costs, Pellston is the perfect place for those looking for an affordable small town living experience.

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

Pellston has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.

Tax Rates for Pellston
- The Sales Tax Rate for Pellston is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pellston 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 Pellston
- The average income of a Pellston resident is $18,250 a year. The US average is $28,555 a year.
- The Median household income of a Pellston resident is $45,078 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPellston, MichiganUnited States
  7.56
  -8.2%-6.2%
  24.2%33.5%
  6.0%6.2%
  4.3%4.6%
  $22,099$37,638
  $45,078$69,021
  $55,000$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.2%6.8%
  12.5%10.0%
  2.4%2.5%
  9.5%11.0%
  1.9%4.8%
  0.0%0.8%
  0.7%1.9%
  1.4%4.7%
  1.7%1.9%
  4.3%7.6%
  0.0%0.1%
  2.6%4.2%
  6.4%9.3%
  11.8%14.0%
  2.8%2.1%
  18.2%7.0%
  13.5%4.8%
  5.2%4.7%
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