Lake Lorraine, WI is a small town located near the Lake Michigan Shore. It has a population of about 4,000 people and is known for its beautiful lakeside views. The cost of living in the area is relatively low compared to other parts of the country due to its two bedroom rent being approximately $1,030, which is significantly lower than the US average of $1,430. Additionally, the grocery cost index in Lake Lorraine is 96 compared to 100 in the US.
The town is home to several local businesses and services including Parkside Cafe for tasty food and drinks, Lake Lorraine Grocery Store for all your grocery needs, and Lakeside Marina offering boat rentals and dockage services. There are also plenty of outdoor recreational activities like fishing charters, camping trips, kayak tours, and much more. For those looking for entertainment options there's downtown events such as farmers markets and music festivals hosted throughout the year. With so much to offer, it's no wonder why many choose to make Lake Lorraine their home!
Lake Lorraine has an unemployment rate of 4.7%. The US average is 6.0%.
Lake Lorraine has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 35.4%, which is higher than the US average of 33.5%.
Tax Rates for Lake Lorraine
- The Sales Tax Rate for Lake Lorraine is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Lake Lorraine is 6.3%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake Lorraine
- The average income of a Lake Lorraine resident is $25,298 a year. The US average is $28,555 a year.
- The Median household income of a Lake Lorraine resident is $67,969 a year. The US average is $69,021 a year.