Zip 48627 (Higgins Lake, MI) Economy


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United States / Michigan / No Metro Area / Roscommon County / No City / Higgins Lake (zip 48627)
The small town of Higgins Lake, Michigan (48625) is situated in Roscommon County and has a population of approximately 1,500 people. It is known for its breathtaking lake views and pleasant climate during the summer months. The average 2 Bedroom rent in Higgins Lake is $830, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Higgins Lake stands at 92 compared to 100 in the US.
Renters in Higgins Lake have access to a number of local companies offering rental services such as Shoreline Realty Inc., Northland Property Management LLC and NC Realty LLC. All three offer competitive rates, a selection of rental properties to choose from and a helpful staff to assist renters with their needs.
Higgins Lake offers plenty of outdoor activities for visitors including beach-going, fishing, boating, kayaking, hiking trails and camping spots. There are also several golf courses nearby as well as family-friendly attractions such as adventure parks and arcades. This small town prides itself on being the ideal destination for those seeking an outdoorsy escape without having to venture too far away from home.

Higgins Lake (zip 48627) has an unemployment rate of 9.9%. The US average is 6.0%.

Higgins Lake (zip 48627) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 24.7%, which is lower than the US average of 33.5%.

Tax Rates for Higgins Lake (zip 48627)
- The Sales Tax Rate for Higgins Lake (zip 48627) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Higgins Lake (zip 48627) 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 Higgins Lake (zip 48627)
- The average income of a Higgins Lake (zip 48627) resident is $25,523 a year. The US average is $28,555 a year.
- The Median household income of a Higgins Lake (zip 48627) resident is $62,639 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyHiggins Lake, MichiganUnited States
  9.96
  -4.4%-6.2%
  24.7%33.5%
  6.0%6.2%
  4.3%4.6%
  $22,618$37,638
  $62,639$69,021
  $64,722$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  0.0%6.8%
  20.6%10.0%
  23.5%2.5%
  26.5%11.0%
  0.0%4.8%
  0.0%0.8%
  0.0%1.9%
  0.0%4.7%
  0.0%1.9%
  0.0%7.6%
  0.0%0.1%
  0.0%4.2%
  0.0%9.3%
  0.0%14.0%
  0.0%2.1%
  0.0%7.0%
  23.5%4.8%
  5.9%4.7%
Health