Lake Washington, ND is a small town located in the heart of North Dakota. It has a population of about 5,000 people and is known for its laid-back lifestyle. The town offers plenty of local businesses such as Main Street Market, which provides fresh groceries and other items; Walker's Pet Supply, which offers quality pet supplies; and Southside Barbeque & Grill, a popular local restaurant. Additionally, the town hosts numerous events throughout the year such as the annual Summer Fest celebration.
The cost of living in Lake Washington is quite affordable compared to many other cities. The average 2 bedroom rent here is only $830 per month – much lower than the US average at $1,430 per month. In addition, the Grocery Cost Index in Lake Washington is 93 versus 100 in the US as a whole. This makes it easier for families to make ends meet while still enjoying all that Lake Washington has to offer.
Lake Washington has an unemployment rate of 5.3%. The US average is 6.0%.
Lake Washington has seen the job market decrease by -1.4% over the last year. Future job growth over the next ten years is predicted to be 25.1%, which is lower than the US average of 33.5%.
Tax Rates for Lake Washington
- The Sales Tax Rate for Lake Washington is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Washington 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 Washington
- The average income of a Lake Washington resident is $28,765 a year. The US average is $28,555 a year.
- The Median household income of a Lake Washington resident is $49,688 a year. The US average is $69,021 a year.