Lake Fenton, MI is a great place to live with affordable rent and grocery costs. The two bedroom rent for the area is $1,310 compared to the US average of $1,430. Additionally, grocery costs are 98 compared to the US index of 100. This makes Lake Fenton an attractive option for those looking for a lower cost of living than other places in America. \nThere are many businesses in Lake Fenton such as; Autozone Auto Parts, Dollar Tree Store, Family Video Movie Club and Advanced Dermatology Care Clinic. There are also plenty of attractions to enjoy such as; Crosswinds Marsh Wetland Interpretive Trail, Adventure Park USA and Sea Life Michigan Aquarium. With all these options it’s easy to see why so many people choose Lake Fenton as the perfect place to live.
Lake Fenton has an unemployment rate of 7.1%. The US average is 6.0%.
Lake Fenton has seen the job market decrease by -7.4% over the last year. Future job growth over the next ten years is predicted to be 25.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake Fenton
- The Sales Tax Rate for Lake Fenton is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Fenton 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 Lake Fenton
- The average income of a Lake Fenton resident is $69,178 a year. The US average is $37,638 a year.
- The Median household income of a Lake Fenton resident is $100,712 a year. The US average is $69,021 a year.