Laketown, UT is a great place to live with all the amenities needed for a comfortable lifestyle. The average rent for a two bedroom apartment is $1,210 per month - lower than the national average of $1,430. It's also home to some well-known local companies like Laketown Motors and Lake City Grocery. The cost of living in Laketown is generally quite good due to its Grocery Cost Index which stands at 96 versus 100 in the US. This means that groceries are 4% cheaper than the national average. With plenty of job opportunities and affordable housing options, Laketown makes an attractive destination for those looking to relocate.
Laketown has an unemployment rate of 3.5%. The US average is 6.0%.
Laketown 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 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Laketown
- The Sales Tax Rate for Laketown is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Laketown is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laketown
- The average income of a Laketown resident is $26,122 a year. The US average is $28,555 a year.
- The Median household income of a Laketown resident is $80,000 a year. The US average is $69,021 a year.