Emmet County, Michigan

• Income gap: Households earn meaningfully less than the national median, which directly affects retail demand, housing absorption, and tax base.
• Talent gap: Bachelor's-or-higher attainment trails the national average by -5.9 pts, relevant for advanced-services attraction strategy.
• Aging population: Median age of 47 is materially above the U.S. norm; succession planning and senior-services demand are real factors.

• Largest sector: Retail Trade employs 2,948 workers (21.1% of the top displayed sectors), at an average wage of $43,699.
• Wage stratification: Finance and Insurance averages $89,080 while Accommodation and Food Services averages $35,386, a 2.5x spread in the same local economy, with implications for workforce development and talent strategy.

• Top specialization: Accommodation concentrates at 4.16x the national norm, strong concentration that anchors the local economy and supports supply-chain attraction strategy.
• Cluster depth: 10 sub-sectors register LQ ≥ 1.5, suggesting an interconnected industrial base rather than reliance on a single employer or sector.
• Attraction whitespace: 8 sub-sectors register LQ < 0.5, candidates for diversification or recruitment depending on labor-market fit.

• In line with national: Home value to income ratio of 4.0x sits near the ~4.1x national average; affordability is neither a clear advantage nor a recruitment friction.
• High home ownership: 77.0% owner-occupied; rental supply may be tight for incoming workers.
• Elevated vacancy: 30.9% vacancy rate; potential opportunity for redevelopment or repositioning.
• Broadly affordable rents: All 5 HUD Fair Market Rent bedroom tiers sit below the 30%-of-median-income affordability threshold (~$1,953/mo), a clear cost-of-living advantage for workforce attraction.

• Succession risk is real: 26.7% of working-age residents are 55-64. Plan for retirements over the next decade and pair attraction strategy with talent retention.
• Strong participation: 89.9% labor force participation among working-age residents indicates an engaged, available workforce.
• Short commutes: 19.9-minute mean commute is a quality-of-life and labor-access advantage worth surfacing for site selectors.
• Talent pipeline: 6 local institutions feed the workforce; the top three combined produce 35,780 annual credentials.

Emmet County shows meaningful potential for accommodation attraction, with a 4.16x concentration and 910 jobs in this sub-sector. Near-term succession risk is elevated, with 26.7% of the working-age population within 10 years of retirement age.

The interconnected base across accommodation, beverage and tobacco product manufacturing, and building material and garden supply retailers creates supply-chain attraction leverage rather than single-employer risk, a structural advantage for industrial recruitment.

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