Lakeport, TX is a small town located in East Texas that is known for its peaceful atmosphere and nature-rich surroundings. It has many local businesses that help to boost the economy such as shopping centers, restaurants, car dealerships, auto repair shops, and local service providers. The cost of living in Lakeport compared to the US is relatively low with 2 bedroom rent at $940 versus $1,430 nationally and a grocery cost index of 93 versus 100 across the country. Considering these factors and more, it's easy to understand why so many people choose to live in this quaint town with such an inviting quality of life.
Lakeport has an unemployment rate of 8.0%. The US average is 6.0%.
Lakeport has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 19.8%, which is lower than the US average of 33.5%.
Tax Rates for Lakeport
- The Sales Tax Rate for Lakeport is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lakeport is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lakeport
- The average income of a Lakeport resident is $24,209 a year. The US average is $28,555 a year.
- The Median household income of a Lakeport resident is $56,250 a year. The US average is $69,021 a year.