Lake City, GA is a small but vibrant city located in the southeastern United States. It has a pleasant climate year round and offers many recreational activities for its residents. The cost of living is relatively low compared to the rest of the US, with 2 bedroom rent prices averaging $1,380 versus $1,430 in the US on average. Grocery costs are also lower than the national average at 93 versus 100. The economy is driven by small local businesses like Lake City Foods, an organic cafe and grocery store located downtown; Johnson Printing Company, a local printing shop providing quality services since 1977; and Mellowes Construction & Engineering Co., offering custom construction solutions from its inception in 1985. With its moderate climate and cost of living, Lake City is an attractive place to call home.
Lake City has an unemployment rate of 6.8%. The US average is 6.0%.
Lake City has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 46.1%, which is higher than the US average of 33.5%.
Tax Rates for Lake City
- The Sales Tax Rate for Lake City is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake City
- The average income of a Lake City resident is $16,627 a year. The US average is $28,555 a year.
- The Median household income of a Lake City resident is $51,250 a year. The US average is $69,021 a year.