49346 Canadian Lakes, MI is a small town located in Mecosta County with a population of only 735 people. Despite its small size, it is a great place to live. Residents enjoy access to affordable housing with 2-bedroom rent averaging $860 per month, as compared to the US average rate of $1,430. Groceries are also relatively inexpensive here, with the Grocery Cost Index at 94 compared to the national average of 100.
The town's local economy relies heavily on tourism and recreational activities such as fishing, boating and golfing. Local businesses such as Canadian Lakes Golf & Country Club and Scotsman's View Marina offer residents and visitors alike plenty of opportunities for outdoor recreation. The area is also home to several smaller retail stores such as Mayfair Market and Wurfel's Market that help provide goods and services to the town's residents. All these businesses contribute significantly to 49346 Canadian Lakes' economic growth by providing jobs and economic security for its citizens while also attracting tourists who come to enjoy all the natural attractions the town has to offer.
Canadian Lakes (zip 49346) has an unemployment rate of 7.0%. The US average is 6.0%.
Canadian Lakes (zip 49346) has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 21.3%, which is lower than the US average of 33.5%.
Tax Rates for Canadian Lakes (zip 49346)
- The Sales Tax Rate for Canadian Lakes (zip 49346) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Canadian Lakes (zip 49346) 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 Canadian Lakes (zip 49346)
- The average income of a Canadian Lakes (zip 49346) resident is $26,011 a year. The US average is $28,555 a year.
- The Median household income of a Canadian Lakes (zip 49346) resident is $63,000 a year. The US average is $69,021 a year.