Lake of the Woods, CA is a great place to live. The cost for two bedroom rental units is only $1,960, which is significantly lower than the US average of $1,430. Additionally, groceries are relatively inexpensive with the grocery cost index at 99 compared to 100 in the US. There are many local companies that make Lake of the Woods an attractive place to live such as Great Lakes Home Improvement Centre, Big Fish Bar & Grill, and C& B Express. For those who love nature, they can enjoy Lake of the Woods Park or take a walk on one of its scenic trails. Other amenities include excellent schools and a variety of shopping centers. With so much to offer it's no surprise that Lake of the Woods is an ideal place to call home.
Lake of the Woods has an unemployment rate of 11.1%. The US average is 6.0%.
Lake of the Woods has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 19.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake of the Woods
- The Sales Tax Rate for Lake of the Woods is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lake of the Woods is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake of the Woods
- The average income of a Lake of the Woods resident is $24,728 a year. The US average is $28,555 a year.
- The Median household income of a Lake of the Woods resident is $51,133 a year. The US average is $69,021 a year.