Lakewood Village, TX is a vibrant community located in North Texas. It is a great place to live due to its stunning views of Lake Ray Hubbard and close proximity to Dallas-Fort Worth International Airport. The two bedroom rent in Lakewood Village is higher than the U.S. average, at $2,240 versus $1,430. Additionally, the grocery cost index for the area is above the national average at 101 versus 100. The town also has several local businesses that give the community a unique flavor such as one of its largest employers, Southern Glazer's Wine & Spirits Warehouse and Distribution Center; as well as small businesses like local farm stands and restaurants. Living in Lakewood Village has many advantages such as easy access to larger cities like Dallas and Fort Worth while still being able to enjoy its quaint rural atmosphere.
Lakewood Village has an unemployment rate of 5.6%. The US average is 6.0%.
Lakewood Village has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 50.0%, which is higher than the US average of 33.5%.
Tax Rates for Lakewood Village
- The Sales Tax Rate for Lakewood Village is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lakewood Village 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 Lakewood Village
- The average income of a Lakewood Village resident is $60,925 a year. The US average is $37,638 a year.
- The Median household income of a Lakewood Village resident is $155,833 a year. The US average is $69,021 a year.