Paw Paw Lake, MI is an idyllic lakeside community, boasting a variety of outdoor activities such as boating, fishing, and swimming. The cost of living is also very reasonable with 2 bedroom rent averaging $960 compared to the US average of $1,430. Grocery prices are low as well; the grocery cost index in Paw Paw Lake is 92 compared to 100 in the US.
Paw Paw Lake is home to many great local businesses ranging from restaurants like Los Comales Mexican Restaurant to retail stores such as Kokomo's gift shop. There are plenty of opportunities for entertainment too, including Grand Kankakee Marsh County Park and the Westside Cinema movie theater. Residents have access to everything they need without ever having to leave town.
Paw Paw Lake has an unemployment rate of 5.8%. The US average is 6.0%.
Paw Paw Lake 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 25.4%, which is lower than the US average of 33.5%.
Tax Rates for Paw Paw Lake
- The Sales Tax Rate for Paw Paw Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Paw Paw 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 Paw Paw Lake
- The average income of a Paw Paw Lake resident is $28,210 a year. The US average is $28,555 a year.
- The Median household income of a Paw Paw Lake resident is $59,639 a year. The US average is $69,021 a year.