Lake Village, IN is a small town located in Porter County with a population of approximately 2,000 residents. The cost of living in Lake Village is quite affordable compared to the US average. A two bedroom rental will cost about $930 per month which is significantly lower than the nationwide average at $1,430 per month. Additionally, grocery and food costs are also lower in Lake Village than the national average with an index score of 94 versus 100 overall.
Lake Village is home to many local businesses such as Baker Boys Bakery, The Cottontail Store & Café, Lake Village Auto Service, and more. These businesses add character and vibrancy to this quaint community. Consequently, many people choose to live here due to its low cost of living and tight knit community.
Lake Village has an unemployment rate of 5.0%. The US average is 6.0%.
Lake Village has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 27.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake Village
- The Sales Tax Rate for Lake Village is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Village is 4.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Village
- The average income of a Lake Village resident is $21,866 a year. The US average is $28,555 a year.
- The Median household income of a Lake Village resident is $76,845 a year. The US average is $69,021 a year.