Lake, MI 48632 is a thriving city with plenty of local businesses to suit the needs of its residents. Grocery shopping options are plentiful, and the Grocery Cost Index in Lake is 90 compared to 100 in the US. Renters in Lake have many choices for 2-bedroom apartments, with an average rent of $850 compared to $1,430 across the US. There are several local companies which provide excellent apartment deals, such as Lakeside Properties which offers a 2-bedroom unit for just $800/month or Fairview Apartment Complex, where 2 bedrooms start at $830/month.
Lake (zip 48632) has an unemployment rate of 8.1%. The US average is 6.0%.
Lake (zip 48632) has seen the job market decrease by -5.9% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake (zip 48632)
- The Sales Tax Rate for Lake (zip 48632) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake (zip 48632) 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 Lake (zip 48632)
- The average income of a Lake (zip 48632) resident is $25,062 a year. The US average is $37,638 a year.
- The Median household income of a Lake (zip 48632) resident is $42,929 a year. The US average is $69,021 a year.