Lake Orion, MI is an attractive and vibrant city located 48359. This small town in Oakland County features a wide range of amenities for residents to enjoy. With a population of nearly 3,700 people, Lake Orion offers an array of local businesses and attractions. Rent for two bedroom apartments in the area starts at $1,360 per month which is slightly lower than the national average of $1,430. In addition to affordable housing costs, grocery prices are also modest with the cost index standing at 98 compared to 100 in the US.
There are several businesses that make up the economy of Lake Orion such as Common Ground Music Festival which hosts music events throughout the year and O'Connor's Public House that serves up delicious Irish cuisine. Additionally, there are plenty of recreational activities to be enjoyed like Paint Creek Trailway and Bald Mountain Recreation Area where visitors can go camping or hiking. For those who simply want to relax and enjoy nature’s beauty the village also offers scenic views along its picturesque lakeside boardwalk. With so much on offer Lake Orion proves itself as a great place to live and visit!
Lake Orion (zip 48359) has an unemployment rate of 3.6%. The US average is 6.0%.
Lake Orion (zip 48359) has seen the job market increase by 0.3% over the last year. Future job growth over the next ten years is predicted to be 39.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Orion (zip 48359)
- The Sales Tax Rate for Lake Orion (zip 48359) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Orion (zip 48359) 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 Orion (zip 48359)
- The average income of a Lake Orion (zip 48359) resident is $30,097 a year. The US average is $28,555 a year.
- The Median household income of a Lake Orion (zip 48359) resident is $87,356 a year. The US average is $69,021 a year.