South Gull Lake, MI is a vibrant city located in western Michigan. This city has grown rapidly over the past few years as people have come from all over the country for its low cost of living and wide variety of activities to enjoy. Rent for a two-bedroom apartment is $970, which is significantly lower than the national average of $1,430. The grocery cost index in South Gull Lake is also much lower than the national average at 98 compared to 100. This makes it an ideal place for those looking to save money while still enjoying a high quality of life. Local companies that can be found in South Gull Lake include Thompson Hardware & Repair, Sweetwater Beach Resort, and Gull Lake Marina. All these companies offer excellent services and goods at great prices!
South Gull Lake has an unemployment rate of 5.1%. The US average is 6.0%.
South Gull Lake has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for South Gull Lake
- The Sales Tax Rate for South Gull Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for South Gull 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 South Gull Lake
- The average income of a South Gull Lake resident is $51,265 a year. The US average is $28,555 a year.
- The Median household income of a South Gull Lake resident is $135,417 a year. The US average is $69,021 a year.