48390 Walled Lake, MI is a great place for people who want to live in a suburban area. The rent for a two bedroom apartment is $1,490 each month, which is slightly higher than the average rent for the United States of $1,430. Additionally, the Grocery Cost Index in 48390 Walled Lake, MI is 97 compared to 100 in the US. This means that groceries are typically cheaper in this area than elsewhere in the country.
48390 Walled Lake offers many amenities for its residents including local businesses such as McDonald's, Lowe’s Home Improvement and Big Boy Restaurants. There are also plenty of parks and trails nearby that offer recreational activities such as running and biking. There are many opportunities to save money on necessities like groceries due to their lower cost index compared to other areas of the country.
Walled Lake (zip 48390) has an unemployment rate of 3.3%. The US average is 6.0%.
Walled Lake (zip 48390) 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 39.7%, which is higher than the US average of 33.5%.
Tax Rates for Walled Lake (zip 48390)
- The Sales Tax Rate for Walled Lake (zip 48390) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Walled Lake (zip 48390) 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 Walled Lake (zip 48390)
- The average income of a Walled Lake (zip 48390) resident is $33,840 a year. The US average is $28,555 a year.
- The Median household income of a Walled Lake (zip 48390) resident is $74,951 a year. The US average is $69,021 a year.