Central Lake, MI is located in Antrim County and has a population of 1,047. The 2 bedroom rent in the area is significantly lower than the national average, costing only $840 per month while nationally it averages at $1,430. Grocery costs are also significantly lower in Central Lake with an index of 93 compared to the national average of 100. This cost-effectiveness suggests that Central Lake could be an attractive place for those looking for a more affordable lifestyle. The area boasts several local companies such as D&M Automotive Repair, Paw Paw’s Great Outdoors and Country Floral & Gift Shop.
Central Lake has an unemployment rate of 7.8%. The US average is 6.0%.
Central Lake has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for Central Lake
- The Sales Tax Rate for Central Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Central Lake 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 Central Lake
- The average income of a Central Lake resident is $18,817 a year. The US average is $28,555 a year.
- The Median household income of a Central Lake resident is $51,133 a year. The US average is $69,021 a year.