Sylvan Lake, MI is a small town located in northeast Michigan with a total area of 0.7 square miles. It is known for its lush green forest and many outdoor activities like fishing, boating, and swimming. It has a population of only 1,141 people according to the 2010 census, making it one of the smallest towns in the state yet it certainly has its advantages. The cost of living in Sylvan Lake is significantly lower than the national average, with 2 bedroom rents being around $1,270 compared to $1,430 nationally and grocery costs index being 96 versus 100 nationally. Notable companies in Sylvan Lake include RR Donnelley & Sons Company which provides printing solutions services as well as B&F Automotive System Inc., which produces automotive components. Overall, Sylvan Lake is an inviting and affordable place to live with plenty of outdoors activities to explore.
Sylvan Lake has an unemployment rate of 3.5%. The US average is 6.0%.
Sylvan Lake 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 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Sylvan Lake
- The Sales Tax Rate for Sylvan Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Sylvan Lake is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Sylvan Lake
- The average income of a Sylvan Lake resident is $75,425 a year. The US average is $37,638 a year.
- The Median household income of a Sylvan Lake resident is $97,596 a year. The US average is $69,021 a year.