Twin Lake, MI is a small town located in Muskegon County. It is known for its affordable cost of living with an average 2 bedroom rent of $1,040 compared to the US average of $1,430. The grocery cost index in Twin Lake is 94 versus 100 in the US which makes it a great place for those looking to save on household expenses. It is home to several local businesses including stores such as K & L Grocery and Twin Lakes Fish House. There are also local restaurants such as The Beer Barrel and Johnny's Bar & Grill which offer delicious meals at reasonable prices. With its pleasant atmosphere and affordability, Twin Lake is a great place to live and work.
Twin Lake has an unemployment rate of 7.5%. The US average is 6.0%.
Twin Lake has seen the job market decrease by -7.3% over the last year. Future job growth over the next ten years is predicted to be 26.8%, which is lower than the US average of 33.5%.
Tax Rates for Twin Lake
- The Sales Tax Rate for Twin Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Twin 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 Twin Lake
- The average income of a Twin Lake resident is $44,319 a year. The US average is $37,638 a year.
- The Median household income of a Twin Lake resident is $99,609 a year. The US average is $69,021 a year.