Pine Grove, MI Economy


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Pine Grove, MI is a small town located in the northern area of Michigan. It has a population of just under 4,000 people and provides a variety of amenities to its residents. The cost of living is relatively low compared to the US average; 2 bedroom rent in Pine Grove is $860 compared to $1,430 nationally and the Grocery Cost Index in Pine Grove is 94 versus the national index which stands at 100. Local businesses include Grocer's Dream Supermarket, The Pizza Place, Olde Towne Hardware Store and S&G Auto Parts. These local companies provide residents with quality products and services at competitive prices.

Pine Grove has an unemployment rate of 6.6%. The US average is 6.0%.

Pine Grove has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 25.8%, which is lower than the US average of 33.5%.

Tax Rates for Pine Grove
- The Sales Tax Rate for Pine Grove is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Pine Grove 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 Pine Grove
- The average income of a Pine Grove resident is $26,270 a year. The US average is $28,555 a year.
- The Median household income of a Pine Grove resident is $63,715 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyPine Grove, MichiganUnited States
  6.66
  -5.5%-6.2%
  25.8%33.5%
  6.0%6.2%
  4.3%4.6%
  $36,034$37,638
  $63,715$69,021
  $70,417$85,028
  Population by Occupation
  3.3%1.2%
  0.0%0.5%
  8.8%6.8%
  22.6%10.0%
  2.2%2.5%
  8.6%11.0%
  3.3%4.8%
  1.5%0.8%
  0.0%1.9%
  5.7%4.7%
  1.7%1.9%
  4.8%7.6%
  0.0%0.1%
  1.9%4.2%
  8.6%9.3%
  13.9%14.0%
  1.3%2.1%
  2.4%7.0%
  5.4%4.8%
  4.0%4.7%
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