Lake Tapps, WA is a small city located in Pierce County. The area is known for its beautiful lakes and outdoor activities such as fishing, kayaking, and hiking. It is also home to some well-known companies such as Cascade Coffee Roasters, Cascade Water Alliance, and Riverside Auto Clinic. Residents of the area enjoy the convenience of nearby grocery stores that are slightly more expensive than the US average due to the Grocery Cost Index being 103 versus 100 in the US. Renters can expect to pay around $1,980 for a two-bedroom apartment which is higher than the national average of $1,430. Lake Tapps offers a great deal of natural beauty and access to several businesses that locals can use to fulfill their daily needs.
Lake Tapps has an unemployment rate of 6.8%. The US average is 6.0%.
Lake Tapps has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 41.3%, which is higher than the US average of 33.5%.
Tax Rates for Lake Tapps
- The Sales Tax Rate for Lake Tapps is 9.9%. The US average is 7.3%.
- The Income Tax Rate for Lake Tapps 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 Lake Tapps
- The average income of a Lake Tapps resident is $38,645 a year. The US average is $28,555 a year.
- The Median household income of a Lake Tapps resident is $119,626 a year. The US average is $69,021 a year.