Lake, TN County is a great place to live for those looking for more affordable living costs. The average 2 bedroom rent in Lake, TN County is $750 compared to the US average of $1,430. Additionally, the grocery cost index in Lake, TN County is 95 versus 100 in the US. This county provides more value for money than other areas when it comes to living expenses.
The county is home to a number of excellent local companies that provide quality services and products at reasonable prices. Local retailers include clothing stores like Hillside Boutique and Bella’s Closet; furniture stores like Dream Design Furniture; hardware stores like Home Depot and Lowe’s; grocery stores like Wal-Mart and Safeway; as well as pharmacies such as CVS Pharmacy and Rite Aid Pharmacy. There are also many service providers in the area including mechanics, electricians, plumbers and landscaping companies. Whatever you need can be found within this county.
Lake County has an unemployment rate of 8.9%. The US average is 6.0%.
Lake County has seen the job market decrease by -1.3% over the last year. Future job growth over the next ten years is predicted to be 14.6%, which is lower than the US average of 33.5%.
Tax Rates for Lake County
- The Sales Tax Rate for Lake County is 9.8%. 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 $11,875 a year. The US average is $28,555 a year.
- The Median household income of a Lake County resident is $34,923 a year. The US average is $69,021 a year.