Wolverine Lake, MI is a city located in Oakland County and has some great local businesses to shop at. Along with the two bedroom rent being slightly higher than the national average, Wolverine Lake also offers a lower cost of living as evidenced by the grocery cost index. Popular local companies in Wolverine Lake include Wolverine Grocery and Market, Lakeside Cafe, and Rental Depot. Besides these popular businesses, Wolverine Lake also provides a variety of other amenities such as parks, trails, golf courses, fitness centers, and community centers. There is no shortage of activities within this city!
Wolverine Lake has an unemployment rate of 3.5%. The US average is 6.0%.
Wolverine 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 Wolverine Lake
- The Sales Tax Rate for Wolverine Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Wolverine 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 Wolverine Lake
- The average income of a Wolverine Lake resident is $36,000 a year. The US average is $28,555 a year.
- The Median household income of a Wolverine Lake resident is $78,594 a year. The US average is $69,021 a year.