Banks Lake South, WA is a great place to call home. Located in Grant County, the area is known for its natural beauty and peaceful atmosphere. The cost of living in Banks Lake South is quite reasonable; rent for a two bedroom apartment averages $960 while the US average is $1,430. The Grocery Cost Index here measures 98 compared to 100 in the rest of the country. The community is also home to many successful businesses including Grand Coulee Dam Construction Co., Blue Sky Orchards, and BLS Electronics. For those wanting to live an affordable lifestyle with lots of opportunities nearby, Banks Lake South offers the perfect balance.
Banks Lake South has an unemployment rate of 7.1%. The US average is 6.0%.
Banks Lake South has seen the job market increase by 0.7% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Banks Lake South
- The Sales Tax Rate for Banks Lake South is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Banks Lake South 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 Banks Lake South
- The average income of a Banks Lake South resident is $16,743 a year. The US average is $28,555 a year.
- The Median household income of a Banks Lake South resident is $25,833 a year. The US average is $69,021 a year.