Lake Leelanau, MI, is a small town in the northern part of Michigan's Lower Peninsula. With a population of just 493 people, it is an ideal place for those who value peace and quiet. The 2 bedroom rent in Lake Leelanau is $1,290 which is $140 less than the US average of $1,430. Grocery Cost Index in Lake Leelanau is 98 versus 100 in the US making this an affordable place to live.
The area has many small locally owned businesses that serve the local community including Hartigan's Hardware where you can find tools and supplies for your home improvement projects; Darrow Farm Market which specializes in locally grown produce; and Northport Bay Trading Company for all your outdoor gear and clothing needs. There are also plenty of restaurants and cafes such as Cherry Basket Café and 9 Bean Rows Farm and Bakery that offer homemade meals made from locally sourced ingredients.
Lake Leelanau (zip 49653) has an unemployment rate of 6.1%. The US average is 6.0%.
Lake Leelanau (zip 49653) has seen the job market decrease by -6.4% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Lake Leelanau (zip 49653)
- The Sales Tax Rate for Lake Leelanau (zip 49653) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Leelanau (zip 49653) 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 Leelanau (zip 49653)
- The average income of a Lake Leelanau (zip 49653) resident is $45,785 a year. The US average is $37,638 a year.
- The Median household income of a Lake Leelanau (zip 49653) resident is $75,647 a year. The US average is $69,021 a year.