Lake Wales, FL is a great place to live for those looking for an affordable lifestyle. Rent costs in Lake Wales are significantly less than other cities in the US, with two bedroom units on average costing $1,000 compared to the national average of $1,430. Additionally, Lake Wales' Grocery Cost Index of 102 means that groceries cost just slightly more than the US average.
Lake Wales is also home to several major companies such as Publix Supermarket Group, Florida's Natural Growers, and The Mosaic Company. This makes it easy to find employment in the area and enjoy all that Lake Wales has to offer. With its low rent prices and stable job opportunities, Lake Wales is an attractive destination for people looking for an affordable lifestyle.
Lake Wales has an unemployment rate of 5.6%. The US average is 6.0%.
Lake Wales has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Lake Wales
- The Sales Tax Rate for Lake Wales is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Wales 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 Lake Wales
- The average income of a Lake Wales resident is $17,651 a year. The US average is $28,555 a year.
- The Median household income of a Lake Wales resident is $49,226 a year. The US average is $69,021 a year.