Bear Lake Township (Manistee Cnty), MI is an affordable area to live in, with the average 2 bedroom rent costing $940. This is significantly lower than the American national average of $1430. The area also has a lower grocery cost index at 92 compared to 100 in the US. For those looking for a low-cost living option that still provides excellent services and amenities, Bear Lake Township (Manistee Cnty) is an ideal place to live. Local companies include Bear Lake General Store, Manistee County Feed & Supply, and Fredrick’s Market. These local stores provide residents with access to groceries, home goods, and general supplies.
Bear Lake township township (Manistee County) has an unemployment rate of 7.6%. The US average is 6.0%.
Bear Lake township township (Manistee County) has seen the job market decrease by -7.0% over the last year. Future job growth over the next ten years is predicted to be 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Bear Lake township township (Manistee County)
- The Sales Tax Rate for Bear Lake township township (Manistee County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Lake township township (Manistee 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 (Manistee County)
- The average income of a Bear Lake township township (Manistee County) resident is $28,999 a year. The US average is $37,638 a year.
- The Median household income of a Bear Lake township township (Manistee County) resident is $57,065 a year. The US average is $69,021 a year.