Clam Lake, MI is a small town located in Michigan with an affordable cost of living. The average rent for a two-bedroom apartment is $870, while the US average is $1,430, making this town an ideal choice for those looking to save money on housing costs. Additionally, the Grocery Cost Index in Clam Lake is 91 versus 100 in the US, making groceries more affordable as well. The small-town atmosphere also allows residents to feel right at home and enjoy activities such as fishing at Little Clam Lake or taking a stroll through downtown. \nLocal companies in Clam Lake include Long's Store & Lumber Company, which provides lumber supplies and hardware goods; Jim's Market Town & Cafe, which offers fresh food and beverages; and Big Bear Outdoor Adventures, offering outdoor experiences such as kayaking and ATV tours.
Clam Lake has an unemployment rate of 6.2%. The US average is 6.0%.
Clam Lake has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Clam Lake
- The Sales Tax Rate for Clam Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Clam 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 Clam Lake
- The average income of a Clam Lake resident is $26,739 a year. The US average is $28,555 a year.
- The Median household income of a Clam Lake resident is $75,573 a year. The US average is $69,021 a year.