Lake City, Pennsylvania is a small town located in Erie County. The city offers its residents a quiet lifestyle with easy access to nearby cities for work and leisure activities. With a population of just over 2,000 people, Lake City provides a sense of comfort to its residents and allows them to experience life at a slower pace. Local companies in Lake City include Lasting Memories Florists, Edinboro Designs LLC, and I-90 Auto & Diesel Repair Inc. Rent for two bedroom apartments is relatively low compared to the US average; Lake City locals can expect to pay around $840 for a two bedroom apartment versus the national average of $1,430. Similarly, grocery costs in Lake City are cheaper than the national average - 96 compared to 100 respectively - giving locals additional savings on their everyday necessities.
Lake City has an unemployment rate of 9.1%. The US average is 6.0%.
Lake City has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 15.4%, which is lower than the US average of 33.5%.
Tax Rates for Lake City
- The Sales Tax Rate for Lake City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City is 4.1%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake City
- The average income of a Lake City resident is $20,025 a year. The US average is $28,555 a year.
- The Median household income of a Lake City resident is $69,583 a year. The US average is $69,021 a year.