Economy in Lake County, Florida

Lake, FL County is a charming area located in the heart of Florida. This area offers a variety of activities for residents to enjoy such as local hikes, fishing trips, and amusement parks. The cost of living in the county is quite affordable with two-bedroom rental prices at $1,620 compared to the US average of $1,430. Additionally, Lake County's grocery cost index equals that of the US with a score of 100 each. Residents can find various local companies and attractions here such as Farmer Joe's Produce Market, Sommersville Amusement Park, and Clearwater Canyons Nature Reserve. With all that this beautiful county has to offer, it is no wonder Lake FL County remains one of Florida's most beloved areas.

Lake County has an unemployment rate of 5.3%. The US average is 6.0%.

Lake County has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.

Tax Rates for Lake County
- The Sales Tax Rate for Lake County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake County 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 County
- The average income of a Lake County resident is $24,103 a year. The US average is $28,555 a year.
- The Median household income of a Lake County resident is $60,013 a year. The US average is $69,021 a year.