Lake County, Indiana is a great place to live and work. The median 2 bedroom rent price is much lower than the national average, making it an attractive option for those looking for affordable housing. The grocery cost index in Lake County is also lower than the US average at 94 versus 100.
This county boasts many local businesses including Lakeshore Steel, Purdue University Northwest, and BP America Inc., all of which have been growing and expanding in Lake County for many years. With its low cost of living and varied job opportunities, Lake County is an attractive destination for people who are looking to relocate or start a business.
Lake County has an unemployment rate of 7.6%. The US average is 6.0%.
Lake County has seen the job market decrease by -7.1% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower 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 3.2%. 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 $31,666 a year. The US average is $37,638 a year.
- The Median household income of a Lake County resident is $62,052 a year. The US average is $69,021 a year.