Hubbard Lake, MI is a small town located near the Michigan border in Alpena County. This town has a population of about 2,000 people and is known for its beautiful lakeside views and peaceful atmosphere. The rental prices for two-bedroom apartments are much lower than the national average at only $900 per month. In addition to affordable housing costs, Hubbard Lake also boasts an attractive grocery cost index of 92 compared to the US average of 100.
There are many local businesses that provide employment opportunities and services to the community such as Hubbard Lumber & Supply, Northern Sawmills, Inc., and Hagerman’s Auto Parts & Repair Shop. These companies offer competitive wages and excellent benefits packages for their employees. Hubbard Lake is also home to several recreational activities including fishing, camping, boating, hiking, snowmobiling, and more. With its close proximity to larger cities like Alpena and Traverse City there are plenty of job opportunities available as well as plenty of entertainment options nearby.
Hubbard Lake has an unemployment rate of 7.4%. The US average is 6.0%.
Hubbard Lake has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Hubbard Lake
- The Sales Tax Rate for Hubbard Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hubbard 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 Hubbard Lake
- The average income of a Hubbard Lake resident is $41,450 a year. The US average is $37,638 a year.
- The Median household income of a Hubbard Lake resident is $61,063 a year. The US average is $69,021 a year.