Bear Lake, Michigan is a great place to live. It has its own unique charm with plenty of local attractions and businesses. With a population of just 49614, the community is tight-knit and offers many opportunities for people looking to settle down in a quiet environment. The 2 bedroom rent in Bear Lake is $950 which is much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Bear Lake is 92 compared to 100 in the US making it a more affordable area to live.
The city provides its residents with many amenities including the Bear Lake Beach Park which features beautiful lake views and a lovely picnic area. Nearby, you can also visit Barhitte Park with trails and gardens as well as several other parks such as Buttermilk Falls Park & Nature Preserve. Local businesses that are popular among citizens include Kaley’s Coffee House for a cup of joe, The Village General Store for grocery shopping needs, and Dale’s Country Store which offers antiques and collectibles from days gone by.
Bear Lake (zip 49614) has an unemployment rate of 7.6%. The US average is 6.0%.
Bear Lake (zip 49614) 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 22.6%, which is lower than the US average of 33.5%.
Tax Rates for Bear Lake (zip 49614)
- The Sales Tax Rate for Bear Lake (zip 49614) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Lake (zip 49614) 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 Bear Lake (zip 49614)
- The average income of a Bear Lake (zip 49614) resident is $23,055 a year. The US average is $28,555 a year.
- The Median household income of a Bear Lake (zip 49614) resident is $62,614 a year. The US average is $69,021 a year.