Vandercook Lake, MI is a scenic town located in Michigan with plenty to offer for its residents. The cost of living in Vandercook Lake is significantly lower than the rest of the country with 2 bedroom rent coming in at $1,030 compared to the US average of $1,430. Additionally, grocery cost index in Vandercook Lake is 92 compared to 100 for the US. This makes it easier for locals to get essential items without breaking their budgets. The local economy is driven by businesses such as B & A O'Neil Chevrolet Buick GMC Inc., Pioneer Construction Specialties Inc., and T & J Electric Inc.. All this makes Vandercook Lake a great place to live with an affordable cost of living.
Vandercook Lake has an unemployment rate of 5.9%. The US average is 6.0%.
Vandercook Lake has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Vandercook Lake
- The Sales Tax Rate for Vandercook Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Vandercook 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 Vandercook Lake
- The average income of a Vandercook Lake resident is $22,474 a year. The US average is $28,555 a year.
- The Median household income of a Vandercook Lake resident is $48,475 a year. The US average is $69,021 a year.