Emmet County, MI Economy


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United States / Michigan / No Metro Area / Emmet County / Cities / Zip Codes
Emmet, MI County is a great place to find affordable housing with the 2 bedroom rent at just $980. Not only does Emmet offer an affordable rental option, but grocery costs are also lower than the national average. The Grocery Cost Index in Emmet is 92 compared to 100 in the US. This makes it an ideal location for anyone looking for a more cost-effective lifestyle. \nThe region offers plenty of job opportunities with major employers like Bay Harbor Yacht Club, Odawa Casino Resort, and Petoskey Regional Chamber of Commerce. Smaller companies include CK Technologies Group and Rainy Day Consulting, both offering employment in technology and consulting sectors. Emmet is also home to several farming operations that produce quality products for the local community and beyond.

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

Emmet County 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 Emmet County
- The Sales Tax Rate for Emmet County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Emmet 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 Emmet County
- The average income of a Emmet County resident is $30,861 a year. The US average is $28,555 a year.
- The Median household income of a Emmet County resident is $63,488 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEmmet, MichiganUnited States
  7.56
  -8.2%-6.2%
  24.2%33.5%
  6.0%6.2%
  4.3%4.6%
  $38,890$37,638
  $63,488$69,021
  $77,646$85,028
  Population by Occupation
  0.8%1.2%
  0.0%0.5%
  9.3%6.8%
  9.5%10.0%
  1.5%2.5%
  14.7%11.0%
  3.1%4.8%
  0.6%0.8%
  1.1%1.9%
  2.6%4.7%
  2.0%1.9%
  4.4%7.6%
  0.0%0.1%
  4.4%4.2%
  7.9%9.3%
  14.6%14.0%
  3.5%2.1%
  11.0%7.0%
  4.0%4.8%
  4.8%4.7%
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