Wall Lake, IA is a small town with an inviting atmosphere. It is most known for its beautiful lake that provides plenty of recreational activities for residents and visitors alike. There are many local businesses in Wall Lake to meet the needs of its citizens. Some of these businesses include Wall Lake Market, a grocery store that sells fresh produce & groceries, Wall Lake Hardware Store which offers a wide selection of hardware and houseware items, and Wall Lake Lock & Key which provides locksmith services.
When it comes to living costs, Wall Lake is quite affordable compared to other cities in the US. The average rent for a 2 bedroom apartment is $800 while the average 2 bedroom rent nationwide is $1,430. The Grocery Cost Index in Wall Lake was also found to be 93 in comparison to 100 nationally. This makes Wall Lake an attractive option for those wanting to save on living expenses while still enjoying all the local attractions this small town has to offer.
Wall Lake has an unemployment rate of 3.8%. The US average is 6.0%.
Wall Lake has seen the job market decrease by -0.1% 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 Wall Lake
- The Sales Tax Rate for Wall Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Wall 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 Wall Lake
- The average income of a Wall Lake resident is $23,304 a year. The US average is $28,555 a year.
- The Median household income of a Wall Lake resident is $54,236 a year. The US average is $69,021 a year.