Grass Lake, Michigan is an affordable place to live with a 2 bedroom rent of $1,070 compared to the US at $1,430. The Grocery Cost Index in Grass Lake is 98 versus 100 in the US. This makes it economically feasible for individuals and families alike. There are many local companies within the area such as Filco Cartage Corporation, Houghton Manufacturing Co, and Yankee Springs Machine & Tool LLC that all contribute to the economic vibrancy of the town. Also, there are several options for food shopping including Aldi's Grocery Store and Fullers Family Market at a cost comparable to the national average. All in all, Grass Lake is a great place to live with its low cost of living and robust economy.
Grass Lake (zip 49240) has an unemployment rate of 5.9%. The US average is 6.0%.
Grass Lake (zip 49240) has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 29.5%, which is lower than the US average of 33.5%.
Tax Rates for Grass Lake (zip 49240)
- The Sales Tax Rate for Grass Lake (zip 49240) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Grass Lake (zip 49240) 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 Grass Lake (zip 49240)
- The average income of a Grass Lake (zip 49240) resident is $28,361 a year. The US average is $28,555 a year.
- The Median household income of a Grass Lake (zip 49240) resident is $91,000 a year. The US average is $69,021 a year.