Central lake Township, MI is an area that has become increasingly popular over the last few years due its affordability and great amenities. Rent for a 2 bedroom in Central Lake township is $840, compared to $1,430 for the US as a whole; this provides locals with a great opportunity to save money on housing costs. Additionally, the Grocery Cost Index in Central Lake township stands at 93 compared to 100 in the US which further helps residents keep their cost of living low. There are plenty of local businesses and services that make this area attractive as well; some notable ones include Bedrock Market, Cooper's Restaurant & Bar, and Great Lakes Outdoor Supply Company. Residents of Central lake Township enjoy all these benefits of living here while also being close enough to larger cities like Detroit for work or entertainment opportunities. This combination of affordability and convenience makes Central Lake Township an attractive option for many who are looking for places to live.
Central Lake township has an unemployment rate of 7.8%. The US average is 6.0%.
Central Lake township has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Central Lake township
- The Sales Tax Rate for Central Lake township is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Central Lake township 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 Central Lake township
- The average income of a Central Lake township resident is $22,260 a year. The US average is $28,555 a year.
- The Median household income of a Central Lake township resident is $52,500 a year. The US average is $69,021 a year.