Lake Linden, MI is a small town located in the Upper Peninsula of Michigan. With a population of only 49945 it is an ideal place to escape the hustle and bustle of city life. The median two-bedroom rent in Lake Linden is $850 which is significantly cheaper than the US median rent for two bedrooms at $1,430. The grocery cost index in this quaint little town is 91 versus 100 in the US which makes groceries much more affordable here. Some local companies that are available in Lake Linden are Copper Country Ford, Town & Country Electric, and Lehto's Appliance Service & Sales.
Lake Linden (zip 49945) has an unemployment rate of 5.4%. The US average is 6.0%.
Lake Linden (zip 49945) has seen the job market decrease by -4.5% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.
Tax Rates for Lake Linden (zip 49945)
- The Sales Tax Rate for Lake Linden (zip 49945) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Linden (zip 49945) 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 Linden (zip 49945)
- The average income of a Lake Linden (zip 49945) resident is $27,620 a year. The US average is $37,638 a year.
- The Median household income of a Lake Linden (zip 49945) resident is $44,952 a year. The US average is $69,021 a year.