Bear Lake CDP, MI is a small town located in the northern part of the state. It is home to numerous local companies such as Bear Lake Cattle Co., Smith Family Farm, and Sunridge Farms. The average rental rate for a two bedroom apartment in Bear Lake CDP is $800 per month compared to the national average of $1,430 per month. Additionally, the Grocery Cost Index in Bear Lake CDP is 91 versus 100 in the US, indicating that groceries are relatively more affordable here than other places across the country. All in all, Bear Lake CDP is a great place to call home with its low cost of living and abundance of local businesses.
Bear Lake CDP (Kalkaska County) has an unemployment rate of 8.0%. The US average is 6.0%.
Bear Lake CDP (Kalkaska County) has seen the job market increase by 1.6% 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 CDP (Kalkaska County)
- The Sales Tax Rate for Bear Lake CDP (Kalkaska County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Lake CDP (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 CDP (Kalkaska County)
- The average income of a Bear Lake CDP (Kalkaska County) resident is $26,031 a year. The US average is $37,638 a year.
- The Median household income of a Bear Lake CDP (Kalkaska County) resident is $49,028 a year. The US average is $69,021 a year.