Lakin, KS is a small city located in Kearny County. The market rate for a 2 bedroom apartment is $1,280 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Lakin is 94 compared to 100 nationally. This makes it a great place for families looking to save money on their living and food costs. There are several local businesses in Lakin such as Lakin Auto Parts, Stevens Brothers Fertilizer, and Tom's Refrigeration & Heating Inc. All three provide quality products and services to locals in the area.
Lakin has an unemployment rate of 2.0%. The US average is 6.0%.
Lakin has seen the job market increase by 0.5% over the last year. Future job growth over the next ten years is predicted to be 20.1%, which is lower than the US average of 33.5%.
Tax Rates for Lakin
- The Sales Tax Rate for Lakin is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lakin is 5.7%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lakin
- The average income of a Lakin resident is $24,899 a year. The US average is $28,555 a year.
- The Median household income of a Lakin resident is $48,074 a year. The US average is $69,021 a year.