Carp Lake, MI is a small town located in the northern part of Michigan. It's known for its tranquil atmosphere, outdoor activities and pleasant community. Surrounded by forested areas and close to the lake, Carp Lake is an ideal place for those looking for a peaceful retreat. The town is home to several local businesses such as Carp Lake Gardens, Carp Lake Bait & Tackle Shop, and Henson’s Grocery Store.
When it comes to renting property in Carp Lake, the average 2 bedroom rent is $950 whereas a similar property in the US on average would cost $1,430 which shows that living costs are more affordable for residents of Carp Lake. Additionally, the grocery cost index in Carp Lake is 90 versus 100 for the US which further contributes to lower living costs.
Carp Lake CDP (Emmet County) has an unemployment rate of 7.5%. The US average is 6.0%.
Carp Lake CDP (Emmet County) has seen the job market decrease by -8.2% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Carp Lake CDP (Emmet County)
- The Sales Tax Rate for Carp Lake CDP (Emmet County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carp Lake CDP (Emmet 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 Carp Lake CDP (Emmet County)
- The average income of a Carp Lake CDP (Emmet County) resident is $19,567 a year. The US average is $37,638 a year.
- The Median household income of a Carp Lake CDP (Emmet County) resident is $35,625 a year. The US average is $69,021 a year.