Lake Park, IA is a great place to live! The two bedroom rent rate is significantly lower than the US average of $1,430, making it an economical option for families or individuals. Grocery costs are also lower in Lake Park with a grocery cost index of 96 compared to the US average of 100. This area is filled with plenty of local attractions and businesses that make living here even more enjoyable. Popular things to do in Lake Park include visiting Bob's Big Playground, exploring the nearby hiking trails, or checking out the local Farmer's Market each weekend. There are also many small businesses in the area such as Jones' Boutique, Smith's Pizza Parlor, and Greene's Coffee Company that offer unique products and services that can't be found anywhere else.
Lake Park has an unemployment rate of 4.9%. The US average is 6.0%.
Lake Park has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 26.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake Park
- The Sales Tax Rate for Lake Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Park is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Park
- The average income of a Lake Park resident is $27,009 a year. The US average is $28,555 a year.
- The Median household income of a Lake Park resident is $66,167 a year. The US average is $69,021 a year.