Lumber City, GA is a small city located in the southern region of the United States. It is comprised of a diverse population and offers affordable living costs. The average 2 bedroom rent is $710, which is significantly lower than the national average of $1,430. Additionally, the Grocery Cost Index in Lumber City is 90 compared to 100 in the US making groceries more affordable for local residents.
The economy of Lumber City is supported by a range of local businesses that include medical centers, industrial construction companies, manufacturing plants and restaurants. These businesses provide stable employment opportunities for locals and have contributed to increased population growth over recent years. They also create greater economic activity in the local community by providing necessary goods and services to its citizens while generating tax revenue for the city. All these factors have had a positive impact on Lumber City’s economy, allowing it to remain one of the most affordable places to live in the US.
Lumber City has an unemployment rate of 7.1%. The US average is 6.0%.
Lumber City has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 17.1%, which is lower than the US average of 33.5%.
Tax Rates for Lumber City
- The Sales Tax Rate for Lumber City is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lumber City 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 Lumber City
- The average income of a Lumber City resident is $13,882 a year. The US average is $28,555 a year.
- The Median household income of a Lumber City resident is $28,774 a year. The US average is $69,021 a year.