Lake County, MT Economy


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United States / Montana / No Metro Area / Lake County / Cities / Zip Codes
Lake, MT County is a great place to live. With a lower than average 2 bedroom rent rate of $890 compared to the US national average of $1,430, Lake County offers affordability for those looking for an affordable place to call home. The local grocery cost index stands at 103 as compared to the national average of 100. There are many local businesses that can be found in this area such as Lewis and Clark Bank, Triple J Clothing Co., and Hometown Naturals. All in all, Lake, Montana is a great place to live with affordable living costs and plenty of opportunities for employment.

Lake County has an unemployment rate of 5.0%. The US average is 6.0%.

Lake County has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 38.1%, which is higher than the US average of 33.5%.

Tax Rates for Lake County
- The Sales Tax Rate for Lake County is 0.0%. The US average is 7.3%.
- The Income Tax Rate for Lake County is 6.9%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.

Income and Salaries for Lake County
- The average income of a Lake County resident is $21,927 a year. The US average is $28,555 a year.
- The Median household income of a Lake County resident is $53,154 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake, MontanaUnited States
  56
  0.5%-6.2%
  38.1%33.5%
  0.0%6.2%
  6.9%4.6%
  $28,371$37,638
  $53,154$69,021
  $65,486$85,028
  Population by Occupation
  4.3%1.2%
  1.0%0.5%
  7.8%6.8%
  6.0%10.0%
  1.1%2.5%
  11.0%11.0%
  2.8%4.8%
  0.6%0.8%
  2.3%1.9%
  2.2%4.7%
  2.1%1.9%
  4.6%7.6%
  0.0%0.1%
  3.3%4.2%
  11.3%9.3%
  15.7%14.0%
  2.6%2.1%
  8.7%7.0%
  4.0%4.8%
  8.6%4.7%
Health