Lake Orion, MI 48362 is a wonderful place to live and work. The two bedroom rent in the area is much lower than national averages, at only $1,200 a month. Residents will also be happy to know that the grocery cost index for the area is 99 versus 100 in the US. This makes it easier to manage expenses and budgets within the area.
In terms of recreation and entertainment, Lake Orion offers plenty of local companies and attractions. For example, there are several wineries and breweries in town, as well as multiple art galleries and museums showcasing local works of art. Additionally, you can head over to Paint Creek Trail for some outdoor fun or visit nearby downtown Rochester for some unique shopping experiences. Whatever activity you're looking for, you'll find it here!
Lake Orion (zip 48362) has an unemployment rate of 3.6%. The US average is 6.0%.
Lake Orion (zip 48362) has seen the job market decrease by -10.6% 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 48362)
- The Sales Tax Rate for Lake Orion (zip 48362) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Orion (zip 48362) 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 48362)
- The average income of a Lake Orion (zip 48362) resident is $46,195 a year. The US average is $37,638 a year.
- The Median household income of a Lake Orion (zip 48362) resident is $98,333 a year. The US average is $69,021 a year.