Level Park-Oak Park, MI is a great place to live due to its low cost of living compared to the rest of the US. The 2 bedroom rent in Level Park-Oak Park, MI is $940 per month while it is $1,430 on average in the US. Additionally, grocery cost index in Level Park-Oak Park, MI is 90 versus 100 on average in the US which further reduces total living costs. Local companies and institutions such as Oak Park Public Library, Oak Park Community Center, and Akay Automotive Parts are key contributors to the local economy. These organizations provide essential services for residents and create employment opportunities for people in the community. Moreover, these companies also boost innovation and help stimulate economic growth by providing goods and services that benefit both consumers and businesses alike.
Level Park-Oak Park has an unemployment rate of 6.4%. The US average is 6.0%.
Level Park-Oak Park has seen the job market increase by 0.1% over the last year. Future job growth over the next ten years is predicted to be 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Level Park-Oak Park
- The Sales Tax Rate for Level Park-Oak Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Level Park-Oak Park 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 Level Park-Oak Park
- The average income of a Level Park-Oak Park resident is $26,210 a year. The US average is $28,555 a year.
- The Median household income of a Level Park-Oak Park resident is $60,833 a year. The US average is $69,021 a year.