Koontz Lake, IN is a small but vibrant town situated in the northern part of Indiana. It offers plenty of activities and amenities for its residents, making it an ideal place to live. The cost of rent for two-bedroom apartments in Koontz Lake is relatively lower compared to the US – at around $940 per month – which makes it attractive for those looking for more affordable housing options. Further, the Grocery Cost Index in Koontz Lake is 92, which is slightly lower than the national average of 100.
The city also has a number of local businesses that provide employment opportunities and services to its citizens. Notable companies include Ponderosa Steakhouse, Burger King, Mulligans Pub & Grill, ALDI Grocery Store, and Walgreens Pharmacy. With so many things going on in Koontz Lake, IN it truly is an interesting place to live with plenty of options to enjoy life comfortably and affordably!
Koontz Lake has an unemployment rate of 5.5%. The US average is 6.0%.
Koontz Lake has seen the job market decrease by -0.2% over the last year. Future job growth over the next ten years is predicted to be 24.3%, which is lower than the US average of 33.5%.
Tax Rates for Koontz Lake
- The Sales Tax Rate for Koontz Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Koontz Lake is 4.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Koontz Lake
- The average income of a Koontz Lake resident is $20,208 a year. The US average is $28,555 a year.
- The Median household income of a Koontz Lake resident is $59,868 a year. The US average is $69,021 a year.