Muskegon, MI County is a vibrant community located in Michigan. The county has a median two-bedroom rent of $990, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Muskegon is 94 versus 100 in the US, making it an affordable place to live. This area boasts an impressive range of companies and industries including L3Harris Technologies (formerly Harris Corporation), Continental Dairy Products, and International Automotive Components Group. All three companies offer employment opportunities while also contributing to the local economy. Furthermore, Muskegon has become an important hub for the maritime industry due to its proximity to Lake Michigan. It has attracted many businesses such as Lee Shore Boats, Great Lakes Shipyard & Repair Co., and Muskegon Yacht Club that specialize in boatbuilding and repair services for pleasure crafts and commercial vessels alike.
Muskegon County has an unemployment rate of 7.5%. The US average is 6.0%.
Muskegon County has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Muskegon County
- The Sales Tax Rate for Muskegon County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Muskegon 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 Muskegon County
- The average income of a Muskegon County resident is $28,431 a year. The US average is $37,638 a year.
- The Median household income of a Muskegon County resident is $57,047 a year. The US average is $69,021 a year.