Lakota, IA is a small town located in northern Iowa. The town has many local businesses such as the Lakota Public Library, Equity Bank, and People's Food Co-op. Compared to the US, rent is considerably lower in Lakota with a two-bedroom apartment costing about $700 compared to $1,430 across the country. Similarly, groceries are cheaper with a grocery cost index of 91 versus 100 for the US as a whole. Overall, living in Lakota is more affordable than other parts of the country for both rent and groceries.
Lakota has an unemployment rate of 3.5%. The US average is 6.0%.
Lakota has seen the job market decrease by -6.7% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Lakota
- The Sales Tax Rate for Lakota is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lakota 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 Lakota
- The average income of a Lakota resident is $27,705 a year. The US average is $37,638 a year.
- The Median household income of a Lakota resident is $65,000 a year. The US average is $69,021 a year.