Lake Panorama, Iowa is a small town with a lot of charm. It is located in the heart of Iowa and it offers great views of Lake Panorama. Residents enjoy having access to amenities like shopping centers, restaurants, recreational areas, and schools. The cost of living in this area is quite affordable, with two bedrooms renting for $970 per month which is much lower than the national average of $1,430. Additionally, the Grocery Cost Index in Lake Panorama is on par with the US index. For those looking to move to or invest in the area, there are plenty of local businesses in Lake Panorama like C&G Auto Sales & Repair, Krumm's Hardware Store, The Bookstore Cafe & Bakery, and Yarns Farm Market. There are also several churches and other community organizations that provide entertainment and services to the citizens.
Lake Panorama has an unemployment rate of 4.4%. The US average is 6.0%.
Lake Panorama has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 28.8%, which is lower than the US average of 33.5%.
Tax Rates for Lake Panorama
- The Sales Tax Rate for Lake Panorama is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Panorama 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 Lake Panorama
- The average income of a Lake Panorama resident is $47,152 a year. The US average is $28,555 a year.
- The Median household income of a Lake Panorama resident is $115,236 a year. The US average is $69,021 a year.