Lake Park, GA is an ideal place to live for those looking for a balance between cost of living and quality of life. The 2 bedroom rent is significantly lower than the US average at $850/month compared to the US average of $1,430/month. Additionally, the grocery cost index in Lake Park is 97 versus 100 in the US. Living in Lake Park also offers plenty of employment opportunities; local companies include Grady Hospital, Dixie Metal Products Inc., Georgia Pacific LLC, and more. This combination of economic factors make Lake Park a great place to consider if you are looking for an affordable city with plenty of job options.
Lake Park has an unemployment rate of 4.1%. The US average is 6.0%.
Lake Park has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 38.3%, which is higher than the US average of 33.5%.
Tax Rates for Lake Park
- The Sales Tax Rate for Lake Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Park is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Park
- The average income of a Lake Park resident is $18,336 a year. The US average is $28,555 a year.
- The Median household income of a Lake Park resident is $36,429 a year. The US average is $69,021 a year.