Long Lake, MI is a great place to call home. The cost of living is generally lower than the US average which is great for those on a budget. It has two bedroom rental costs of $1,090 compared to the US average of $1,430. The grocery cost index in Long lake is 97 versus 100 in the US making it slightly cheaper to buy groceries in this area as well. Local companies include Bennett Tool & Die Inc., Paragon Metals Inc., and Great Lakes Custom Manufacturers LLC. All three of these companies offer great job opportunities and contribute to the economy of Long Lake. Overall, Long Lake is an excellent choice for those looking to save money or find employment without breaking the bank on rent or other expenses.
Long Lake has an unemployment rate of 5.7%. The US average is 6.0%.
Long Lake has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 34.7%, which is higher than the US average of 33.5%.
Tax Rates for Long Lake
- The Sales Tax Rate for Long Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Long 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 Long Lake
- The average income of a Long Lake resident is $28,627 a year. The US average is $28,555 a year.
- The Median household income of a Long Lake resident is $80,215 a year. The US average is $69,021 a year.