Manitou Beach-Devils Lake, MI Economy


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Manitou Beach-Devils Lake, MI is a great place to live for those looking for an affordable yet comfortable lifestyle. The average two bedroom rent in Manitou Beach-Devils Lake is only $980 per month, compared to the US average of $1,430. Furthermore, the cost of groceries in this area is below that of the national index, making it easy on your wallet.
One of the best aspects of living here is that there are plenty of local businesses which cater to all kinds of needs. For instance, Brother's Market and Garden Center provide groceries and gardening supplies so you can get everything you need in one convenient location. There's also The Devils Lake Boat Works for boat repairs and outfitting services as well as The Inn at Devil’s Lake for any lodging needs you may have.
All in all, Manitou Beach-Devils Lake is a great place to live due to its affordability and numerous amenities.

Manitou Beach-Devils Lake has an unemployment rate of 5.5%. The US average is 6.0%.

Manitou Beach-Devils Lake has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.6%, which is lower than the US average of 33.5%.

Tax Rates for Manitou Beach-Devils Lake
- The Sales Tax Rate for Manitou Beach-Devils Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Manitou Beach-Devils 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 Manitou Beach-Devils Lake
- The average income of a Manitou Beach-Devils Lake resident is $29,324 a year. The US average is $28,555 a year.
- The Median household income of a Manitou Beach-Devils Lake resident is $84,167 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyManitou Beach-Devils Lake, MichiganUnited States
  5.56
  -7.2%-6.2%
  25.6%33.5%
  6.0%6.2%
  4.3%4.6%
  $53,886$37,638
  $84,167$69,021
  $102,083$85,028
  Population by Occupation
  3.0%1.2%
  0.0%0.5%
  12.3%6.8%
  9.7%10.0%
  0.0%2.5%
  13.2%11.0%
  3.6%4.8%
  0.8%0.8%
  1.9%1.9%
  0.9%4.7%
  2.0%1.9%
  2.5%7.6%
  0.0%0.1%
  1.6%4.2%
  22.3%9.3%
  10.3%14.0%
  1.0%2.1%
  9.4%7.0%
  3.7%4.8%
  2.0%4.7%
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