Clear Lake, IA is a charming town in northern Iowa with a population of 8,161. The cost of living is incredibly affordable with an average 2 bedroom rent of $840 compared to the national average of $1,430. Grocery prices are also lower than the US index at 97, making it a great option for those looking for an affordable place to live. As a result, there has been significant growth in local businesses such as Clear Lake Bank and Trust Company and Waverly Sales and Service. Other noteworthy organizations include the Clear Lake Area Chamber of Commerce which works to promote local business and the Historic Surf Ballroom where people can enjoy live music performances all year round. With its low cost of living and thriving local economy, Clear Lake makes for an ideal destination for anyone who wants to be close to nature while also enjoying the benefits of city life.
Clear Lake has an unemployment rate of 4.3%. The US average is 6.0%.
Clear Lake has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 32.3%, which is lower than the US average of 33.5%.
Tax Rates for Clear Lake
- The Sales Tax Rate for Clear Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Clear Lake is 9.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Clear Lake
- The average income of a Clear Lake resident is $28,688 a year. The US average is $28,555 a year.
- The Median household income of a Clear Lake resident is $61,036 a year. The US average is $69,021 a year.