Lake Shore, UT is a peaceful town located near the lakeshore and is known for its affordability. With an average 2 bedroom rent of $1,220 compared to the US average at $1,430, Lake Shore provides a manageable cost of living. Grocery costs are also lower than average with an index score of 94 in relation to the US index 100. Local companies such as Lake Shore Saloon, Lakeside Plumbing & Heating, and Lakeside Equipment provide residents with various services. For recreation, visitors and resident alike can enjoy fishing along the lake or take in spectacular views from nearby trails. Furthermore, there are multiple parks throughout the town offering activities such as swimming, picnicking and sports fields.
Lake Shore has an unemployment rate of 2.5%. The US average is 6.0%.
Lake Shore has seen the job market increase by 2.6% over the last year. Future job growth over the next ten years is predicted to be 51.7%, which is higher than the US average of 33.5%.
Tax Rates for Lake Shore
- The Sales Tax Rate for Lake Shore is 6.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Shore is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Shore
- The average income of a Lake Shore resident is $27,099 a year. The US average is $28,555 a year.
- The Median household income of a Lake Shore resident is $83,983 a year. The US average is $69,021 a year.