The small town of Houghton Lake, Michigan (Zip code 48629) is located in the midwestern part of the United States and is approximately three hours away from Detroit. It is a popular place for vacationers looking to explore the area's beautiful lakeside scenery and recreational activities. The small-town charm combined with affordable housing costs makes Houghton Lake an attractive place to live or visit. The average two bedroom rent here is only $810, which is much lower than the US average of $1430. Other costs of living, such as groceries, are also relatively low in this area; the grocery cost index in Houghton Lake is 91 compared to a national index of 100.
Residents in Houghton Lake have access to many amenities and services offered by local businesses such as Bob’s Market, Ace Hardware, and CJ’s Hair Salon & Barber Shop. These local stores offer everything from groceries to furniture at competitive prices that may be lower than larger retailers elsewhere due to the cost of living in this region. Overall, Houghton Lake provides an affordable place to live with plenty of amenities and activities for residents to enjoy making it a great destination for anyone looking for an enjoyable lifestyle on a budget.
Houghton Lake (zip 48629) has an unemployment rate of 9.9%. The US average is 6.0%.
Houghton Lake (zip 48629) has seen the job market decrease by -4.4% 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 Houghton Lake (zip 48629)
- The Sales Tax Rate for Houghton Lake (zip 48629) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Houghton Lake (zip 48629) 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 Houghton Lake (zip 48629)
- The average income of a Houghton Lake (zip 48629) resident is $28,104 a year. The US average is $37,638 a year.
- The Median household income of a Houghton Lake (zip 48629) resident is $48,013 a year. The US average is $69,021 a year.