Skidway Lake, MI is a small community located in the northern part of the Upper Peninsula. The average two bedroom rent in Skidway Lake is only $760 per month, which is significantly lower than the national average of $1,430. Furthermore, the grocery cost index in Skidway Lake is 87 compared to 100 nationally, signalling that living costs are cheaper in this rural area. \nLocal businesses in Skidway Lake include Bonna's Diner, Dave's Place Bar & Grill, and LaVine True Value Hardware & Feed Store. Residents have access to various recreational activities such as hiking trails at Crystal Falls State Forest Park and boating on Skidway Lake itself. For those who enjoy the great outdoors, there are plenty of camping opportunities at nearby campgrounds like Pine Grove Campground and Raco-Manistique Lakeside Campground. In addition to these activities, residents can enjoy shopping and dining at local shops and restaurants throughout Skidway Lake.
Skidway Lake (zip 48756) has an unemployment rate of 8.5%. The US average is 6.0%.
Skidway Lake (zip 48756) has seen the job market decrease by -4.6% over the last year. Future job growth over the next ten years is predicted to be 16.3%, which is lower than the US average of 33.5%.
Tax Rates for Skidway Lake (zip 48756)
- The Sales Tax Rate for Skidway Lake (zip 48756) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Skidway Lake (zip 48756) 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 Skidway Lake (zip 48756)
- The average income of a Skidway Lake (zip 48756) resident is $18,538 a year. The US average is $37,638 a year.
- The Median household income of a Skidway Lake (zip 48756) resident is $34,470 a year. The US average is $69,021 a year.