Lake, ND is a small rural town located near the beautiful Lake Sakakawea. The town offers affordable living costs with two bedroom rent averaging around $870 per month compared to the national average of $1,430. Grocery costs are also lower than the national average with an index of 94 as opposed to 100 across the US.
Apart from its affordability, Lake, ND offers plenty of opportunities for businesses or careers. Local companies like Lake Auto Parts and NTI Trucking provide jobs in sales and transportation while organizations such as Lake Historical Society and Lakota Foods offer volunteer positions for those looking to get involved in their community.
Those looking for even more opportunity may find it in nearby lake resorts or tourism-related businesses that capitalize on the area's natural beauty. With a vibrant economy driven by productive local businesses and organizations, Lake, ND is an excellent place to settle down or start a new career.
Lake has an unemployment rate of 3.8%. The US average is 6.0%.
Lake has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 39.3%, which is higher than the US average of 33.5%.
Tax Rates for Lake
- The Sales Tax Rate for Lake is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Lake is 2.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake
- The average income of a Lake resident is $26,320 a year. The US average is $37,638 a year.
- The Median household income of a Lake resident is $0 a year. The US average is $69,021 a year.