Rose Lake, MI is a small town located in the Upper Peninsula of Michigan. Despite its size, the town is known for its low cost of living. For example, 2 bedroom rent is only $810 compared to the US average at $1,430. Additionally, grocery costs are lower as well with a grocery cost index of 91 versus 100 in the US on average. Rose Lake offers many local businesses such as The General Store which sells general merchandise and collectibles and also offers outdoor sporting equipment rentals. Other businesses include The Rose Cafe which serves up hearty home cooked meals and Buz's Bar which serves up cold drinks and snacks.
Rose Lake has an unemployment rate of 5.8%. The US average is 6.0%.
Rose Lake has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 37.1%, which is higher than the US average of 33.5%.
Tax Rates for Rose Lake
- The Sales Tax Rate for Rose Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rose 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 Rose Lake
- The average income of a Rose Lake resident is $24,750 a year. The US average is $37,638 a year.
- The Median household income of a Rose Lake resident is $53,980 a year. The US average is $69,021 a year.