Laketon, IN is an attractive option for those looking to save money on housing and groceries while remaining close to many amenities. Located in Northern Indiana, Laketon offers residents a lower cost of living with 2 bedroom rent at $860 a month compared to the US average of $1,430. Groceries also come at a discount with the grocery cost index sitting at 92 as opposed to 100 in the US.
The city boasts excellent educational opportunities for children at the Laketon Community School Corporation where they provide top quality education. Residents can enjoy outdoor activities such as walking and fishing at Oakwood Park or visit local businesses like Great Lakes Pizza & Pub or Sammy's Liquor Store for entertainment and refreshment. The town also has plenty of shopping with stores such as Walmart and Target nearby. With so much to do in its quaint community atmosphere, Laketon is an idyllic place to call home!
Laketon has an unemployment rate of 3.8%. The US average is 6.0%.
Laketon has seen the job market decrease by -0.8% over the last year. Future job growth over the next ten years is predicted to be 22.3%, which is lower than the US average of 33.5%.
Tax Rates for Laketon
- The Sales Tax Rate for Laketon is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Laketon is 6.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laketon
- The average income of a Laketon resident is $14,722 a year. The US average is $28,555 a year.
- The Median household income of a Laketon resident is $50,875 a year. The US average is $69,021 a year.