Spring Lake, IN is a wonderful place to live. It offers affordable rent for two-bedroom apartments at just $1,040 per month, significantly less than the US average of $1,430. The grocery cost index in Spring Lake is also lower than other places in the US at 95 versus 100. There are many local businesses such as ABC Grocery Store and XYZ Cafe that provide goods and services to the community. Residents can also enjoy a variety of attractions including Big Bear Park, which offers a great view of the lake, as well as weekly concerts at the town square during the summer months.
Spring Lake has an unemployment rate of 3.5%. The US average is 6.0%.
Spring Lake has seen the job market increase by 2.5% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for Spring Lake
- The Sales Tax Rate for Spring Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Spring Lake is 4.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Spring Lake
- The average income of a Spring Lake resident is $33,797 a year. The US average is $28,555 a year.
- The Median household income of a Spring Lake resident is $40,156 a year. The US average is $69,021 a year.