Lake George, ND is a small town located in the midwestern United States. It has an estimated population of around 1,100 people and offers residents a quiet and peaceful lifestyle. Despite its size, Lake George boasts a vibrant economy with several local businesses offering services to the community. These include a grocery store, two restaurants, a bank, and a hardware store. The cost of living in Lake George is quite affordable when compared to the national average; 2 bedroom rent is an incredibly low $740 per month while the US average is $1,430 per month. Additionally, the grocery cost index in Lake George is 92 versus 100 in the US making it one of the most economical towns in the country.
Lake George has an unemployment rate of 6.8%. The US average is 6.0%.
Lake George has seen the job market decrease by -1.6% over the last year. Future job growth over the next ten years is predicted to be 19.1%, which is lower than the US average of 33.5%.
Tax Rates for Lake George
- The Sales Tax Rate for Lake George is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Lake George 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 George
- The average income of a Lake George resident is $49,967 a year. The US average is $37,638 a year.
- The Median household income of a Lake George resident is $76,250 a year. The US average is $69,021 a year.