Lake Angelus, MI is an idyllic suburban town located in Oakland County. It's known for its pleasant neighborhoods and stunning views of Cass Lake. Renting a two-bedroom apartment in Lake Angelus is slightly more expensive than the US average at $1,480 versus $1,430 respectively. Grocery costs are slightly lower in Lake Angelus compared to the US average with a grocery cost index of 95 versus 100. The town has several large companies such as Troy Design & Manufacturing Co., ATC America, and Lakes Automation Systems LLC. In addition to these businesses, there are plenty of small independent stores and restaurants that make up the town’s vibrant downtown area. Plus, for those who love camping and hiking there are plenty of state parks within driving distance of the city! As a fun fact, Lake Angelus was named after the nearby Cass Lake and is believed to be derived from an Ojibwe word meaning 'lake of God'.
Lake Angelus has an unemployment rate of 3.5%. The US average is 6.0%.
Lake Angelus 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 Angelus
- The Sales Tax Rate for Lake Angelus is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Angelus 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 Angelus
- The average income of a Lake Angelus resident is $124,766 a year. The US average is $28,555 a year.
- The Median household income of a Lake Angelus resident is $186,842 a year. The US average is $69,021 a year.