Lake Forest Park, WA is a charming city situated in the Pacific Northwest. It is an ideal place to live due to its close proximity to both urban and rural areas. There are many local companies that make up the Lake Forest Park community such as Big Fish Games, Yosted Media, and Take Two Coffee House. 2 bedroom rent in the city is slightly higher than the US average at $2,210 compared to $1,430. Grocery costs are also higher with a grocery cost index of 106 versus the 100 in the US on average. Residents can enjoy beautiful nature trails located nearby or take a short drive into Seattle for more urban activities.
Lake Forest Park has an unemployment rate of 5.4%. The US average is 6.0%.
Lake Forest Park 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 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Lake Forest Park
- The Sales Tax Rate for Lake Forest Park is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Forest Park 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 Forest Park
- The average income of a Lake Forest Park resident is $49,263 a year. The US average is $28,555 a year.
- The Median household income of a Lake Forest Park resident is $139,881 a year. The US average is $69,021 a year.