Lake Odessa, MI is a small city located in central Michigan. It has a population of around 2,200 people and offers a range of amenities for its residents. The cost of rent for a two-bedroom apartment is $970 per month which is lower than the US average of $1,430 per month. Additionally, the grocery cost index in Lake Odessa is 93 compared to 100 in the US.
Residents can find plenty to do within the city limits with popular attractions such as Lake Odessa Outdoors, Lott’s Fountain Park and Trails, and The Wagon Wheel Theater which puts on regular shows. For entertainment options there are restaurants such as Sugarbush Restaurant & Brewery and local companies like Conley Manufacturing and Lake Odessa Collision. Additionally, there is access to healthcare through Mercy Health Physician Partners Lakeview Family Medicine and Lakers Pharmacy for all your medical needs. All in all, Lake Odessa provides an affordable living solution with plenty of amenities for its residents.
Lake Odessa has an unemployment rate of 4.7%. The US average is 6.0%.
Lake Odessa has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Odessa
- The Sales Tax Rate for Lake Odessa is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Odessa 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 Odessa
- The average income of a Lake Odessa resident is $22,631 a year. The US average is $28,555 a year.
- The Median household income of a Lake Odessa resident is $44,844 a year. The US average is $69,021 a year.