Newaygo County, MI Economy


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United States / Michigan / No Metro Area / Newaygo County / Cities / Zip Codes
Newaygo, MI County is an attractive place to live with its scenic countryside, picturesque views, and bustling downtown. The cost of living is very reasonable in this county, with rent for a two bedroom property only costing $860 compared to the national average of $1,430. Grocery costs are also low as the index score for Newaygo County is 92 instead of the US average of 100.
The county has plenty of companies and attractions to choose from. Local businesses include White River Inn & Suites, Bob's Super Market, Broadway Automotive Group, J & B Carpet Barn, and Morley Company Incorporated. For leisure activities there are several fantastic outdoor locations such as Lakeshore Park on White Lake and Indian Mounds Park where visitors can explore historic Native American sites. The area also offers great shopping at shops like Big Creek Trading Post and Lumberjack Outfitters.

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

Newaygo County has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 29.7%, which is lower than the US average of 33.5%.

Tax Rates for Newaygo County
- The Sales Tax Rate for Newaygo County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Newaygo 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 Newaygo County
- The average income of a Newaygo County resident is $27,228 a year. The US average is $37,638 a year.
- The Median household income of a Newaygo County resident is $54,235 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyNewaygo, MichiganUnited States
  66
  -5.1%-6.2%
  29.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $27,228$37,638
  $54,235$69,021
  $64,765$85,028
  Population by Occupation
  3.9%1.2%
  0.1%0.5%
  8.2%6.8%
  22.3%10.0%
  2.5%2.5%
  11.1%11.0%
  3.4%4.8%
  0.9%0.8%
  1.1%1.9%
  2.8%4.7%
  1.3%1.9%
  3.2%7.6%
  0.1%0.1%
  4.4%4.2%
  7.5%9.3%
  12.8%14.0%
  0.7%2.1%
  5.1%7.0%
  4.9%4.8%
  3.8%4.7%
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