Lake City, FL Metro Area is a bustling city located in northern Florida. Home to major companies such as LC Industries and Food Lion, Lake City has something to offer everyone. The cost of living here is quite affordable compared to the US average, making it an attractive destination for both families and individuals. 2 bedroom rent in the area is only $920 compared to the nationwide average of $1,430 and grocery costs index here is 98 versus 100 in the US. It's no surprise that many people are drawn to Lake City in search of a better quality of life and a budget-friendly lifestyle.
Lake City Metro Area has an unemployment rate of 4.9%. The US average is 6.0%.
Lake City Metro Area has seen the job market increase by 0.2% over the last year. Future job growth over the next ten years is predicted to be 30.5%, which is lower than the US average of 33.5%.
Tax Rates for Lake City Metro Area
- The Sales Tax Rate for Lake City Metro Area is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City Metro Area 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 City Metro Area
- The average income of a Lake City Metro Area resident is $19,884 a year. The US average is $28,555 a year.
- The Median household income of a Lake City Metro Area resident is $47,750 a year. The US average is $69,021 a year.