Crystal Lake, MI is a small town in Michigan with an affordable cost of living. The average 2 bedroom rent in Crystal Lake is $1,040 per month while the US average for the same type of rental is around $1,430. This makes Crystal Lake a great option for people looking for an affordable place to stay. In addition to lower rent, local grocery cost index is 97 versus 100 in the US, making it cheaper for essential items such as food.
In terms of local businesses and organizations, Crystal Lake has many options including Community Park Pet Hospital and Grooming, Grandview Dental Group, John Ehrlich Chevrolet Buick GMC Cadillac dealership and the Crystal Lake Chamber of Commerce & Industry. It is clear that Crystal Lake offers more than just an affordable cost of living; there are plenty of resources available to make it a great place to live.
Crystal Lake has an unemployment rate of 6.9%. The US average is 6.0%.
Crystal Lake has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Crystal Lake
- The Sales Tax Rate for Crystal Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Crystal Lake 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 Crystal Lake
- The average income of a Crystal Lake resident is $38,232 a year. The US average is $28,555 a year.
- The Median household income of a Crystal Lake resident is $63,750 a year. The US average is $69,021 a year.