Located in Mohave County, Lake Havasu City, Arizona is a popular tourist destination and retirement community. Home to the iconic London Bridge, it attracts thousands of visitors each year from all around the world. The cost of living in Lake Havasu City is more affordable than the US average with 2 bedroom rent costs estimated to be around $1,160 compared to the US average of $1,430. Grocery stores are also more affordable here compared to other parts of the US with a grocery cost index score of 98 versus 100.
The city is home to some amazing local businesses such as Get Wet Watersports which offers boat rentals and guided tours for sightseeing and fishing as well as incredible attractions such as Havasu National Wildlife Refuge and Bridgewater Channel. There’s also plenty of fun activities such as hiking, biking, camping, kayaking, and golfing that make Lake Havasu City an ideal vacation spot.
Lake Havasu City has an unemployment rate of 6.2%. The US average is 6.0%.
Lake Havasu City has seen the job market increase by 3.3% over the last year. Future job growth over the next ten years is predicted to be 42.1%, which is higher than the US average of 33.5%.
Tax Rates for Lake Havasu City
- The Sales Tax Rate for Lake Havasu City is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Havasu City is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Havasu City
- The average income of a Lake Havasu City resident is $24,136 a year. The US average is $28,555 a year.
- The Median household income of a Lake Havasu City resident is $59,817 a year. The US average is $69,021 a year.