Economy & Jobs — Elk Rapids, Michigan
Income & Employment
| Median Household Income (Census) | $70,938 |
|---|
| Estimated 2026 | ~$89,400 |
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| Per Capita Income | $47,905 |
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| Poverty Rate | 3.7% |
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| Unemployment Rate | 1.3% |
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| In Labor Force | 756 |
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Top Industries
| Industry | Share |
|---|
| Retail | 22.7% |
| Education Healthcare | 17.5% |
| Professional | 11.0% |
Local Businesses (County)
| Type | Count |
|---|
| Full Service Restaurants | 24 |
| Real Estate Offices | 15 |
| Gas Stations | 14 |
| Fast Food | 13 |
| General Merchandise | 12 |
| Commercial Banks | 9 |
| Auto Repair | 8 |
| Insurance Agencies | 8 |
| Law Offices | 7 |
| Grocery Stores | 6 |
| Dental Offices | 6 |
| Physician Offices | 5 |
| Child Day Care | 5 |
| Hotels Motels | 5 |
| Liquor Stores | 4 |
Sources: Census ACS 5-Year 2023; BLS QCEW 2023; Census ACS 5-Year 2023, B19013.
