Lake View, AL is a small town located in the heart of Alabama. It's a great place to live with good schools, plenty of outdoor activities, and friendly people. The average two-bedroom rent in Lake View is $950, which is considerably lower than the national average of $1,430. There are plenty of local companies that make Lake View their home including Anderson Feed & Grain Company, Wallace Structural Steel Co., and Erwin Logging Co. The cost of living in Lake View is relatively low compared to other parts of the country with a Grocery Cost Index score of 98 versus the US average score of 100. All these factors combine to make Lake View an attractive option for those looking for a quality lifestyle without breaking the bank.
Lake View has an unemployment rate of 3.6%. The US average is 6.0%.
Lake View has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Lake View
- The Sales Tax Rate for Lake View is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake View 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 Lake View
- The average income of a Lake View resident is $32,202 a year. The US average is $37,638 a year.
- The Median household income of a Lake View resident is $84,456 a year. The US average is $69,021 a year.