Lakehead, CA is a small town situated near the US-Canada border and is known for its natural beauty. The population of Lakehead is approximately 5,000 people. Businesses in the town include small shops such as Sal's Cafe, Carters Grocery Store and Dave's Hardware Store. The cost of living in Lakehead is relatively low compared to other towns in the US and Canada. The average rent for a 2 bedroom home is $1,320 while in the US it averages at $1,430. Additionally, the grocery cost index in Lakehead is 100 which is equal to that of the US. All in all, Lakehead offers an excellent quality of life with a lower cost than many other places nearby.
Lakehead has an unemployment rate of 7.5%. The US average is 6.0%.
Lakehead has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 30.3%, which is lower than the US average of 33.5%.
Tax Rates for Lakehead
- The Sales Tax Rate for Lakehead is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Lakehead is 9.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lakehead
- The average income of a Lakehead resident is $19,697 a year. The US average is $28,555 a year.
- The Median household income of a Lakehead resident is $48,472 a year. The US average is $69,021 a year.