Lakesite, TN is a charming town located in the southeastern part of the state. It has an array of local businesses and amenities that make it an attractive place to live. Popular stores such as Walmart, Lowe’s, and CVS provide quality shopping options for residents. Additionally, there are several restaurants and eateries available in Lakesite, from fast-food places like McDonald’s to higher-end dining experiences at The Red Lobster or Olive Garden. The cost of living is relatively low compared to other areas, with the 2 bedroom rent costing only $970 — significantly lower than the US average of $1,430. Grocery costs are also lower here than the national average; with an index of 98 versus 100 in the US. All these factors make Lakesite a great place to call home.
Lakesite has an unemployment rate of 4.8%. The US average is 6.0%.
Lakesite has seen the job market decrease by -5.5% over the last year. Future job growth over the next ten years is predicted to be 46.0%, which is higher than the US average of 33.5%.
Tax Rates for Lakesite
- The Sales Tax Rate for Lakesite is 9.3%. The US average is 7.3%.
- The Income Tax Rate for Lakesite is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lakesite
- The average income of a Lakesite resident is $39,060 a year. The US average is $37,638 a year.
- The Median household income of a Lakesite resident is $87,353 a year. The US average is $69,021 a year.