Lakewood Club, MI is a small city located in Michigan near Grand Traverse Bay. It is a popular destination for tourists, boasting many local attractions such as the Lakeside Beach Park, the Lakewood Club Golf Course and Country Club, and the Grand Traverse Lighthouse Museum. The town has an excellent school system and a thriving business community with companies like Interlochen Music Academy, Lost Lake Winery, and Northern Michigan Bank. The cost of living in Lakewood Club is very low compared to the national average with rent being $1,040 for 2-bedroom homes. Additionally, grocery costs are about 94 compared to a national index of 100. Lakewood Club is an ideal place to live or visit due to its many local attractions and low costs of living.
Lakewood Club has an unemployment rate of 7.5%. The US average is 6.0%.
Lakewood Club has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Lakewood Club
- The Sales Tax Rate for Lakewood Club is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lakewood Club 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 Lakewood Club
- The average income of a Lakewood Club resident is $19,579 a year. The US average is $28,555 a year.
- The Median household income of a Lakewood Club resident is $58,079 a year. The US average is $69,021 a year.