Lakeville, ND is a small city situated near the eastern border of North Dakota. It’s an affordable place to live, with 2 Bedroom rents estimated at $1,000 compared to the US average of $1,430. Grocery costs in Lakeville are also very reasonable - 97 on the index versus 100 for the US in general. The local companies that make up Lakeville's economy include Juniper Farms Dairy, Lakeville Motorsports and Lakeville Fire Protection. Each of these businesses contribute to the economic growth and stability of the region by providing jobs and services to its residents.
Lakeville has an unemployment rate of 4.0%. The US average is 6.0%.
Lakeville has seen the job market decrease by -4.7% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Lakeville
- The Sales Tax Rate for Lakeville is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Lakeville 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 Lakeville
- The average income of a Lakeville resident is $31,285 a year. The US average is $37,638 a year.
- The Median household income of a Lakeville resident is $0 a year. The US average is $69,021 a year.