The small town of Walloon Lake, MI is a perfect place to settle down and enjoy an easy-going lifestyle. With a population of just 497 people, the tight-knit community offers plenty of charm and peace of mind. The cost of living is also quite low here, with 2 bedroom rent averaging at $730 and the Grocery Cost Index being equal to that of the US at 100. Locals looking for fun activities can head over to the Walloon Lake Country Club for golf or tennis or visit one of the many wineries in the area such as Chateau Grand Traverse or Shady Lane Cellars. Other popular attractions include Walloon Lake Village and Community Park, which features a playground and beach area, as well as nearby Mount McSauba Recreation Area which has year-round recreational activities such as swimming, fishing and hiking trails.
Walloon Lake (zip 49796) has an unemployment rate of 6.7%. The US average is 6.0%.
Walloon Lake (zip 49796) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 25.5%, which is lower than the US average of 33.5%.
Tax Rates for Walloon Lake (zip 49796)
- The Sales Tax Rate for Walloon Lake (zip 49796) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Walloon Lake (zip 49796) 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 Walloon Lake (zip 49796)
- The average income of a Walloon Lake (zip 49796) resident is $34,539 a year. The US average is $28,555 a year.
- The Median household income of a Walloon Lake (zip 49796) resident is $73,583 a year. The US average is $69,021 a year.