Lake Ann, Michigan (49650) is a small town located in the northern part of the state. The average two bedroom rent price is slightly lower than the US average at $1,000, making it a great option for anyone looking for an affordable place to call home. Additionally, the grocery cost index in Lake Ann is 95 in comparison to 100 in the US- this means that groceries can be purchased at a cheaper rate here than other parts of the country.
The local economy offers multiple services to residents from nearby stores and restaurants. Some popular places include Vic’s Country Market which offers everyday groceries and handmade items, Emil’s Restaurant which serves up delicious breakfast and lunch meals every day, and Village Hardware & Supply Co., providing quality tools and equipment for all your needs. There are also several specialty shops such as Sweet Treats Bakery & More, featuring fresh baked goods and home decor pieces; The Fudge Lady with handmade fudge; and True North Brewing Company offering craft beers brewed on site.
Lake Ann (zip 49650) has an unemployment rate of 6.9%. The US average is 6.0%.
Lake Ann (zip 49650) has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 31.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake Ann (zip 49650)
- The Sales Tax Rate for Lake Ann (zip 49650) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Ann (zip 49650) 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 Ann (zip 49650)
- The average income of a Lake Ann (zip 49650) resident is $27,375 a year. The US average is $28,555 a year.
- The Median household income of a Lake Ann (zip 49650) resident is $84,467 a year. The US average is $69,021 a year.