Lake Holiday, IN is a charming community located near the stunning Lake Holiday. Home to a variety of small businesses such as Summer Breeze Cafe, Carlsons Hardware Store, and Grandmas Bakery Shop, it has something for everyone. The cost of living in Lake Holiday is quite low compared to other communities in the US due to its low rental prices and grocery costs. For example, 2 bedroom rental rates in Lake Holiday are only $840 whereas the national average is around $1,430. Moreover, its Grocery Cost Index is 93 versus 100 in the US making food costs even more affordable. In addition to its excellent value for money, Lake Holiday also offers plenty of fun activities and amenities such as biking on trails around the lake and kayaking on sunny days.
Lake Holiday has an unemployment rate of 3.6%. The US average is 6.0%.
Lake Holiday has seen the job market increase by 0.4% over the last year. Future job growth over the next ten years is predicted to be 24.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake Holiday
- The Sales Tax Rate for Lake Holiday is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Holiday is 5.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Holiday
- The average income of a Lake Holiday resident is $31,524 a year. The US average is $28,555 a year.
- The Median household income of a Lake Holiday resident is $90,167 a year. The US average is $69,021 a year.