Lake Success, NY is an affluent suburb located on Long Island. It boasts of a super low crime rate and is home to many notable companies such as Northwell Health, Capital One and MainStreet Bank. The cost of living in Lake Success is slightly higher than the US with rent for a two bedroom apartment costing $2,460 compared to the national average of $1,430. Additionally, grocery cost index in the area is 115 versus 100 nationally. Despite the higher cost of living, Lake Success offers a comfortable lifestyle to its residents with greater access to job opportunities and larger infrastructure facilities.
Lake Success has an unemployment rate of 5.9%. The US average is 6.0%.
Lake Success has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 28.3%, which is lower than the US average of 33.5%.
Tax Rates for Lake Success
- The Sales Tax Rate for Lake Success is 8.6%. The US average is 7.3%.
- The Income Tax Rate for Lake Success is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Success
- The average income of a Lake Success resident is $67,944 a year. The US average is $28,555 a year.
- The Median household income of a Lake Success resident is $241,029 a year. The US average is $69,021 a year.