Lake Orion, Michigan is a great place to live for many reasons. The rent prices for two-bedroom apartments are significantly more affordable than the US average. Additionally, there is a low cost of living in Lake Orion with the grocery cost index being 99 compared to 100 in the US. The area is known for its outdoor attractions like Paint Creek Trail and Bald Mountain Recreation Area, which make it an ideal place to call home. There are also several local businesses that people can enjoy including Southern Oaks Golf Club, O'Reilly Auto Parts, and Stage Nature Center. Lake Orion has something for everyone and is a great choice for those who want to make their home in Michigan.
Lake Orion has an unemployment rate of 3.5%. The US average is 6.0%.
Lake Orion has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Lake Orion
- The Sales Tax Rate for Lake Orion is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Orion 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 Lake Orion
- The average income of a Lake Orion resident is $35,380 a year. The US average is $28,555 a year.
- The Median household income of a Lake Orion resident is $90,750 a year. The US average is $69,021 a year.