In Carp Lake, MI (49708) there are many local companies that support the community. The cost of living is relatively low compared to other cities in the US with an index score of 89 versus 100 in the US. On average, a 2 bedroom apartment will cost around $950 which is much lower than the national average of $1,430. Some of these local companies include Carp Lake Sports Supply, Carp Lake Market and Produce, and Carp Lake Store. The residents benefit from all that these businesses offer while living in a comfortable place at an affordable rate.
Carp Lake (zip 49718) has an unemployment rate of 7.5%. The US average is 6.0%.
Carp Lake (zip 49718) has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 24.2%, which is lower than the US average of 33.5%.
Tax Rates for Carp Lake (zip 49718)
- The Sales Tax Rate for Carp Lake (zip 49718) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carp Lake (zip 49718) 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 Carp Lake (zip 49718)
- The average income of a Carp Lake (zip 49718) resident is $22,406 a year. The US average is $28,555 a year.
- The Median household income of a Carp Lake (zip 49718) resident is $41,136 a year. The US average is $69,021 a year.