Lake Isabella, MI is a small town located in Michigan's Lower Peninsula. The town's population is around 1,500 people and is known for its rolling hills and picturesque countryside. Living in Lake Isabella is much more affordable than the national average, as 2-bedroom rent costs $900, while it averages at $1,430 across the US. Grocery costs are also lower here as the cost index stands at 92 opposed to 100 nationally. The local businesses of Lake Isabella have greatly benefited from the low cost of living. Companies like Big Bear Market and Riverford Farm have been around for decades and offer produce and other products that are locally sourced. There is also Lake Isabella Brewery which offers fresh craft beer brewed onsite using traditional brewing techniques combined with locally sourced ingredients. With such an abundance of local businesses, it's no wonder that more and more people are choosing to call Lake Isabella home.
Lake Isabella has an unemployment rate of 5.5%. The US average is 6.0%.
Lake Isabella has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake Isabella
- The Sales Tax Rate for Lake Isabella is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Isabella 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 Isabella
- The average income of a Lake Isabella resident is $26,154 a year. The US average is $28,555 a year.
- The Median household income of a Lake Isabella resident is $70,750 a year. The US average is $69,021 a year.