Lake Orion, MI is a small town with an estimated population of 48360. The average rent for 2 bedrooms here is $1,450 which is slightly higher than the national average of $1,430. The grocery cost index in Lake Orion is also 100, which is on par with the US average. For those looking to move or visit here, there are many local companies in the area that offer excellent services. Such companies include Pinnacle Financial Services, which offers financial advice and investment management as well as Evergreen Dental Care and Accent Home Care Solutions for healthcare needs. Those interested in shopping can find great deals at local stores such as Middleton's Department Store and William's Auto Service. Lake Orion may be a small town but it has plenty of options to suit everyone's needs.
Lake Orion (zip 48360) has an unemployment rate of 3.6%. The US average is 6.0%.
Lake Orion (zip 48360) 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 39.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Orion (zip 48360)
- The Sales Tax Rate for Lake Orion (zip 48360) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Orion (zip 48360) 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 Lake Orion (zip 48360)
- The average income of a Lake Orion (zip 48360) resident is $38,536 a year. The US average is $28,555 a year.
- The Median household income of a Lake Orion (zip 48360) resident is $117,484 a year. The US average is $69,021 a year.