King Lake, NE is a small rural town that is known for its relaxed pace and friendly atmosphere. The cost of living in King Lake is quite reasonable compared to other parts of the United States. For example, the average two bedroom rent rate in King Lake is only $990 which is much lower than the national average of $1,430. Additionally, grocery costs are also cheaper with an index score of 97 versus 100 at a national level.
King Lake has a few local companies such as Hillside Farm Supplies, Kwik Mart Groceries, and Strom Electric Supply which provide goods and services to locals. With its affordable cost of living and friendly community atmosphere, King Lake makes a great place to live for anyone looking for small-town charm and relaxation.
King Lake has an unemployment rate of 3.3%. The US average is 6.0%.
King Lake has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 30.8%, which is lower than the US average of 33.5%.
Tax Rates for King Lake
- The Sales Tax Rate for King Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for King Lake is 6.8%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for King Lake
- The average income of a King Lake resident is $22,523 a year. The US average is $37,638 a year.
- The Median household income of a King Lake resident is $0 a year. The US average is $69,021 a year.