Lake Lorraine, FL is an excellent place to live for those seeking a laidback coastal lifestyle. Located in the heart of Florida's beautiful northwest region, Lake Lorraine offers plenty of activities and attractions for its residents. With a generous median rent of $1,450 per month for two bedrooms, the city is a great option for those looking to save on living expenses. Additionally, with a grocery cost index of 102 compared to the US average of 100, groceries can be found at affordable prices as well.
The city is home to several local businesses such as Horace Smith grocery store, The Corral Bar & Grill , and Shores Realty & Rentals Inc., providing plenty of job opportunities for its citizens. From retail stores to restaurants and real estate agencies, there are numerous employment options available in the area. The low unemployment rate in Lake Lorraine makes it an ideal place for job-seekers. Furthermore, with the many attractions that this city has to offer such as fishing on Lake Lorraine or visiting nearby towns like Fort Walton Beach and Pensacola Beach – it's no surprise why so many people choose this destination for relocation or vacationing purposes!
Lake Lorraine has an unemployment rate of 4.0%. The US average is 6.0%.
Lake Lorraine has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 46.2%, which is higher than the US average of 33.5%.
Tax Rates for Lake Lorraine
- The Sales Tax Rate for Lake Lorraine is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Lorraine is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Lorraine
- The average income of a Lake Lorraine resident is $31,539 a year. The US average is $28,555 a year.
- The Median household income of a Lake Lorraine resident is $85,556 a year. The US average is $69,021 a year.