Lake Shore, WA is a pleasant town located on the shores of Lake Washington. It is conveniently located in proximity to several major cities including Seattle and Bellevue. With beautiful scenery, plenty of outdoor activities, and an excellent school district, it is no wonder why so many choose to call Lake Shore home.
The cost of living in Lake Shore is slightly higher than the U.S average, which can be attributed to the rent prices for two bedroom apartments being 850 dollars more expensive than the national rate and its grocery cost index being higher by 2 points than that of the country as a whole. Despite this cost, many local businesses make up for it with competitive wages and benefits packages. Companies such as Microsoft, Amazon, Expedia Group, Nordstrom's and Boeing all have offices in or around Lake Shore making it a great place to live and work.
Lake Shore has an unemployment rate of 6.2%. The US average is 6.0%.
Lake Shore has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 39.9%, which is higher than the US average of 33.5%.
Tax Rates for Lake Shore
- The Sales Tax Rate for Lake Shore is 8.4%. The US average is 7.3%.
- The Income Tax Rate for Lake Shore 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 Shore
- The average income of a Lake Shore resident is $34,207 a year. The US average is $28,555 a year.
- The Median household income of a Lake Shore resident is $127,292 a year. The US average is $69,021 a year.