Lenwood, CA is a great place to live with its low cost of living. The average two-bedroom rent in Lenwood is $1,390 compared to the national average of $1,430. Grocery costs are also cheaper in Lenwood at 95 compared to the US index of 100. There are a variety of businesses that serve the community such as Lenwood Hardware Store, Stan's Auto Repair, and Scottsberg Bakery. All these businesses offer competitive pricing which helps keep local costs low while still providing excellent services and products to residents. With modest housing prices and affordable groceries, Lenwood offers an attractive option for people looking for an affordable place to live.
Lenwood has an unemployment rate of 7.8%. The US average is 6.0%.
Lenwood has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 38.7%, which is higher than the US average of 33.5%.
Tax Rates for Lenwood
- The Sales Tax Rate for Lenwood is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Lenwood 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 Lenwood
- The average income of a Lenwood resident is $16,243 a year. The US average is $28,555 a year.
- The Median household income of a Lenwood resident is $53,961 a year. The US average is $69,021 a year.