Located in western Iowa, Lake View is a small city with a population of about 1,000. Rich in culture and history, this city has been home to several generations of families. Businesses like Gray Auto Service and Shuster's Grocery have served the community for years. The average job salary in Lake View is around $25 an hour while the cost of living is quite low. Renting a two-bedroom property costs only $750 compared to the national average of $1,430. Furthermore, the grocery cost index in Lake View is 96 while it’s 100 on a nationwide level. All these factors make Lake View an attractive place to live and work in.
Lake View has an unemployment rate of 3.8%. The US average is 6.0%.
Lake View has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 16.9%, which is lower than the US average of 33.5%.
Tax Rates for Lake View
- The Sales Tax Rate for Lake View is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake View 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 View
- The average income of a Lake View resident is $41,627 a year. The US average is $37,638 a year.
- The Median household income of a Lake View resident is $60,357 a year. The US average is $69,021 a year.