Chippewa Lake, Michigan is a small rural town located in Mecosta County. The population of the town is 49320 people. With a low cost of living and affordable housing, Chippewa Lake is great for budget conscious individuals looking for a change of pace. Two bedroom rent in the town is $850 which is significantly lower than the US average of $1,430. Similarly, grocery costs in Chippewa Lake are 89 on the index compared to the US national average of 100. Several notable companies are headquartered here including Cogswell Industries, Flanders Corporation and D&P Enterprises Group LLC.. Furthermore, there is an abundance of outdoor activities available year-round such as camping, fishing and snowmobiling due to its proximity to several lakes like Chippewa Lake and Big Rapids River.
Chippewa Lake (zip 49320) has an unemployment rate of 7.0%. The US average is 6.0%.
Chippewa Lake (zip 49320) 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 Chippewa Lake (zip 49320)
- The Sales Tax Rate for Chippewa Lake (zip 49320) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Chippewa Lake (zip 49320) 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 Chippewa Lake (zip 49320)
- The average income of a Chippewa Lake (zip 49320) resident is $29,544 a year. The US average is $28,555 a year.
- The Median household income of a Chippewa Lake (zip 49320) resident is $68,214 a year. The US average is $69,021 a year.