Alcona County, MI Economy


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United States / Michigan / No Metro Area / Alcona County / Cities / Zip Codes
Alcona, MI County is a great place to live and work. With an average two bedroom rent of $830 per month, it offers affordability to those looking for a place to call home. Additionally, the grocery cost index in Alcona is 91 versus 100 in the US, making groceries more affordable as well. Local companies in Alcona include Northland Nursery, Inc., Grandview Golf Course, K & D Excavating and Septic Service, and Sunrise Cottage Rentals. There are also several unique independent retail stores such as Alcona Beach Trading Co., SAWS General Store & Gifts, and Nature's Treasures Gift Shop.

Alcona County has an unemployment rate of 7.4%. The US average is 6.0%.

Alcona County has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.

Tax Rates for Alcona County
- The Sales Tax Rate for Alcona County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Alcona County 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 Alcona County
- The average income of a Alcona County resident is $28,615 a year. The US average is $37,638 a year.
- The Median household income of a Alcona County resident is $46,187 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyAlcona, MichiganUnited States
  7.46
  -4.7%-6.2%
  28.4%33.5%
  6.0%6.2%
  4.3%4.6%
  $28,615$37,638
  $46,187$69,021
  $60,489$85,028
  Population by Occupation
  3.7%1.2%
  0.1%0.5%
  7.2%6.8%
  16.1%10.0%
  1.2%2.5%
  10.6%11.0%
  8.3%4.8%
  1.0%0.8%
  2.2%1.9%
  2.5%4.7%
  2.6%1.9%
  2.5%7.6%
  0.3%0.1%
  4.5%4.2%
  3.5%9.3%
  14.4%14.0%
  1.3%2.1%
  5.7%7.0%
  5.5%4.8%
  6.7%4.7%
Health