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Carp Lake township (Ontonagon County), MI Economy


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Carp Lake Township (Ontonagon Cnty), MI is a small rural community located in the Upper Peninsula of Michigan. The area is known for its stunning natural beauty and abundance of outdoor recreational opportunities like fishing, hiking and camping. Rent for a two bedroom apartment in Carp Lake Township is much cheaper than the US average at $780 versus $1,430. Grocery costs are also lower here with an index of 88 compared to 100 nationally. Popular businesses in the area include Pine Acres Resort, Mauthe's Hardware Store, and Copper Peak Ski Flying Hill. All these establishments offer great services that contribute to the prosperity and quality of life of those living there.

Carp Lake township (Ontonagon County) has an unemployment rate of 7.8%. The US average is 6.0%.

Carp Lake township (Ontonagon County) has seen the job market decrease by -5.3% over the last year. Future job growth over the next ten years is predicted to be 6.9%, which is lower than the US average of 33.5%.

Tax Rates for Carp Lake township (Ontonagon County)
- The Sales Tax Rate for Carp Lake township (Ontonagon County) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Carp Lake township (Ontonagon County) is 4.3%. The US average is 4.6%.
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Income and Salaries for Carp Lake township (Ontonagon County)
- The average income of a Carp Lake township (Ontonagon County) resident is $26,136 a year. The US average is $37,638 a year.
- The Median household income of a Carp Lake township (Ontonagon County) resident is $43,875 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyCarp Lake township (Ontonagon County), MichiganUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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