Lake Station, IN is located near the junction of I-94 and I-90 in Northwest Indiana. It is a pleasant city with a population of 8,586 people. The cost of living in Lake Station is lower than the US average, with 2 Bedroom rent being $1,000 and grocery costs having an index of 92 compared to 100 in the US. There are several local companies located in Lake Station including Phillips 66, U-Haul, and Auto Zone. Other businesses include Walmart Supercenter, Dollar General Store, Subway and Domino's Pizza.
Lake Station has an unemployment rate of 7.6%. The US average is 6.0%.
Lake Station 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 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake Station
- The Sales Tax Rate for Lake Station is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Station is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Station
- The average income of a Lake Station resident is $16,432 a year. The US average is $28,555 a year.
- The Median household income of a Lake Station resident is $50,852 a year. The US average is $69,021 a year.