Bear Lake township township (Kalkaska County), MI Economy


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United States / Michigan / Traverse City Metro Area / Kalkaska County / Bear Lake township township (Kalkaska County) / Zip Codes
Bear Lake Township (Kalkaska County), MI is a small township located in the Northern Lower Peninsula. It offers a slower pace of life compared to larger cities, with lower rental rates for two-bedroom apartments at $830 per month and grocery prices that are 91% of the national average. Local businesses include Bear Lake Hardware, Bear Lake Lumber Company, and Great Lakes Automotive. The area is also home to many outdoor activities, with nearby parks and trails offering lush forests and breathtaking views of Bear Lake itself. For those looking for an escape from the hustle and bustle of city life, Bear Lake Township provides a peaceful atmosphere surrounded by natural beauty.

Bear Lake township township (Kalkaska County) has an unemployment rate of 8.0%. The US average is 6.0%.

Bear Lake township township (Kalkaska County) has seen the job market decrease by -6.8% over the last year. Future job growth over the next ten years is predicted to be 30.1%, which is lower than the US average of 33.5%.

Tax Rates for Bear Lake township township (Kalkaska County)
- The Sales Tax Rate for Bear Lake township township (Kalkaska County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Lake township township (Kalkaska County) 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 Bear Lake township township (Kalkaska County)
- The average income of a Bear Lake township township (Kalkaska County) resident is $31,420 a year. The US average is $37,638 a year.
- The Median household income of a Bear Lake township township (Kalkaska County) resident is $53,438 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBear Lake township township (Kalkaska County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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