Zip 49962 (Skanee, MI) Economy


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United States / Michigan / No Metro Area / Baraga County / No City / Skanee (zip 49962)
49862 Skanee, MI is a small town located in the Upper Peninsula of Michigan. The town has a population of just over 600 people, and provides residents with many amenities, such as affordable two-bedroom rents that average around $980, which is much lower than the US national average of $1,430. Additionally, the grocery cost index in Skanee comes in at 92 versus 100 for the US on average.
Those living in Skanee enjoy easy access to local businesses such as Midway Gas Station, Quality Auto Repair & Towing, and the Keweenaw Bay Indian Community Ojibwa Casino & Resort. Other local organizations include FISH OF ALGER COUNTY, which assists those facing poverty or living in crisis situations by providing basic needs assistance including food items; Alger County Senior Services which offers various services and programs to help seniors remain independent; and Crossroads Lutheran Church, a family-oriented church open to all who wish to join them for worship services each Sunday morning.

Skanee (zip 49962) has an unemployment rate of 8.0%. The US average is 6.0%.

Skanee (zip 49962) has seen the job market decrease by -7.2% over the last year. Future job growth over the next ten years is predicted to be 15.5%, which is lower than the US average of 33.5%.

Tax Rates for Skanee (zip 49962)
- The Sales Tax Rate for Skanee (zip 49962) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Skanee (zip 49962) 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 Skanee (zip 49962)
- The average income of a Skanee (zip 49962) resident is $33,064 a year. The US average is $37,638 a year.
- The Median household income of a Skanee (zip 49962) resident is $37,188 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomySkanee, MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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