Cedar Lake, IN is an area known for its scenic lakefront views and local businesses. The cost of living in Cedar Lake is lower than the US average; rent for a two bedroom apartment is $990 compared to the US average of $1,430. Additionally, grocery costs are about 4% lower than the US average which makes Cedar Lake an attractive option for those looking to save money. Some well-known companies in the area include K&K Shoes & Boots, Humphrey's Grocery Store, and Redwood Home Improvement. Therefore, Cedar Lake is an excellent choice for individuals looking for a combination of scenic views and affordability when it comes to cost of living expenses.
Cedar Lake has an unemployment rate of 7.6%. The US average is 6.0%.
Cedar Lake 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 Cedar Lake
- The Sales Tax Rate for Cedar Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Lake 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 Cedar Lake
- The average income of a Cedar Lake resident is $29,039 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Lake resident is $73,611 a year. The US average is $69,021 a year.