Walled Lake, MI is a vibrant city located in Oakland County with plenty of businesses and attractions to explore. It is known for its beautiful lake and easy access to Michigan’s major cities and attractions. The city has an average two-bedroom rent rate of $1,550, which is slightly higher than the US average of $1,430. Grocery cost index in Walled Lake is 97 versus 100 in the US, making it a great place to save money while still enjoying the amenities. There are several popular companies such as Detroit Zoo, Slows Bar BQ, Founders Brewing Co., and Chrysler that call Walled Lake home. Local landmarks include Walloon Lake Park, Pontiac Trail Art & Nature Park, Walled Lake Beach at Cass Benton Park and Ramona Park Beach. With so many activities available and convenience stores nearby, it's no wonder Walled Lake continues to be one of the most popular places to live in Michigan.
Walled Lake has an unemployment rate of 3.5%. The US average is 6.0%.
Walled Lake has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Walled Lake
- The Sales Tax Rate for Walled Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Walled 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 Walled Lake
- The average income of a Walled Lake resident is $26,857 a year. The US average is $28,555 a year.
- The Median household income of a Walled Lake resident is $56,193 a year. The US average is $69,021 a year.