Lake Park, FL is an idyllic coastal town offering a relaxed atmosphere and plenty of opportunities. It has a diverse economic base with businesses ranging from small family-run operations to large corporations. The cost of living in Lake Park is higher than the national average, with 2 bedroom rent estimated at $1,680 compared to the US benchmark of $1,430. Grocery Cost Indexes are also higher at 105 versus 100 for the US respectively. Some local companies include G&G Marine Services, Inc., R&B Plumbing & Air Conditioning Contractors and All American Fire Protection Systems. With its pleasant climate and attractive housing options, Lake Park is an ideal place to live or visit.
Lake Park has an unemployment rate of 4.7%. The US average is 6.0%.
Lake Park has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Lake Park
- The Sales Tax Rate for Lake Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Park 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 Park
- The average income of a Lake Park resident is $18,774 a year. The US average is $28,555 a year.
- The Median household income of a Lake Park resident is $60,632 a year. The US average is $69,021 a year.