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Mammoth Lakes' economy is primarily tourism-based. A 13% tax is added to the rental of any lodging facility and campgrounds for stays of less than a month. [citation needed] There are more than 4,599 rental units in Mammoth Lakes and the lodging industry generates around two-thirds of the gross revenue of the Town of Mammoth Lakes.
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The only incorporated town in the county is Mammoth Lakes, [10] which is located at the foot of Mammoth Mountain. [11] Other locations, such as June Lake, are also famous as skiing and fishing resorts. Located in the middle of the county is Mono Lake, a vital habitat for millions of migratory and nesting birds.
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Housing predominantly consists of owner-occupied units, with a 79.9% ownership rate and a median value of $369,900. Monthly housing costs average $2,189 for owners with mortgages and $637 for those without. Median rent is $1,303. [20] Households average 2.29 persons, with 87.2% of residents living in the same house for at least one year.
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