49747 Hubbard Lake, MI is a small rural community located in Alcona County. It is known for its outdoor recreation opportunities and stunning natural scenery. It boasts a population of just over 500 people and offers a peaceful living environment where everyone knows their neighbors. Local companies include the Blue Skies Trout Farm which offers freshwater fishing and camping experiences as well as a variety of other outdoor activities such as hiking, biking, and boating. The Hubbard Lake Inn is another popular local establishment which features an expansive menu with locally sourced ingredients and craft beers from the area. Residents also have access to basic amenities such as grocery stores, gas stations, post offices and banks. In addition to all these amenities, residents enjoy 2 bedroom rent at $930 per month which is much lower than the national average of $1,430 per month. Grocery costs are also significantly lower with a Grocery Cost Index of 92 compared to the national average of 100.
Hubbard Lake (zip 49747) has an unemployment rate of 6.0%. The US average is 6.0%.
Hubbard Lake (zip 49747) has seen the job market decrease by -2.9% 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 Hubbard Lake (zip 49747)
- The Sales Tax Rate for Hubbard Lake (zip 49747) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hubbard Lake (zip 49747) 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 Hubbard Lake (zip 49747)
- The average income of a Hubbard Lake (zip 49747) resident is $26,955 a year. The US average is $37,638 a year.
- The Median household income of a Hubbard Lake (zip 49747) resident is $47,917 a year. The US average is $69,021 a year.