Lake Michigan Beach, MI is a small community located near the shores of Lake Michigan. It is known for its peaceful atmosphere and beautiful landscapes. Residents enjoy living in Lake Michigan Beach due to its affordable housing options with two bedroom rent averaging around $970 per month compared to the US average of $1,430 per month. The cost of groceries in this area is also lower than the US average by 8%. Living in Lake Michigan Beach allows residents access to a variety of local businesses such as Grand Haven Market, Meijer, Walmart Supercenter, Lighthouse Grocery Store, and G&M Food Market. Additionally, the area provides plenty of outdoor recreation activities such as hiking and fishing along the lake shoreline or kayaking and swimming in nearby rivers.
Lake Michigan Beach has an unemployment rate of 5.8%. The US average is 6.0%.
Lake Michigan Beach has seen the job market decrease by -6.5% 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 Lake Michigan Beach
- The Sales Tax Rate for Lake Michigan Beach is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Michigan Beach 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 Lake Michigan Beach
- The average income of a Lake Michigan Beach resident is $49,661 a year. The US average is $37,638 a year.
- The Median household income of a Lake Michigan Beach resident is $63,750 a year. The US average is $69,021 a year.