Clear Lake, IN is a small town located in Northern Indiana, just a short drive away from major cities like South Bend and Fort Wayne. It has a cozy atmosphere with a population of less than 3,000 people and is known for its excellent recreational opportunities such as fishing and boating in its namesake lake. The town is also home to several local companies offering great services for residents. These companies include Clear Lake Hardware which provides all kinds of tools and supplies for home improvement projects, Little John's Lawn Care which offers lawn care services that are both affordable and efficient, and the White Horse Inn which serves delicious food at reasonable prices. As far as cost of living goes, Clear Lake is quite affordable. The average two bedroom rent in the area is $870 - much lower than the US average of $1,430. Additionally, the Grocery Cost Index in Clear Lake stands at 95 whereas it's 100 on average in the United States. All things considered, Clear Lake offers many benefits to those looking for an affordable place to live with plenty of amenities nearby.
Clear Lake has an unemployment rate of 3.7%. The US average is 6.0%.
Clear Lake has seen the job market increase by 0.6% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Clear Lake
- The Sales Tax Rate for Clear Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Clear Lake is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Clear Lake
- The average income of a Clear Lake resident is $52,462 a year. The US average is $28,555 a year.
- The Median household income of a Clear Lake resident is $103,250 a year. The US average is $69,021 a year.