Lake City, TN (zip code 37769) is an affordable place to live with a 2 bedroom rent rate of $870 which is much lower than the US average of $1,430. The city also offers a lower cost of living compared to the US average based on the Grocery Cost Index. With a score of 94, this is 6 points lower than the national benchmark of 100. Local employers in Lake City include Covenant Health, Home Trust Bank, and Lafollette Utilities Board. The local job market boasts various opportunities across multiple industries providing residents with access to gainful employment while still enjoying all that Lake City has to offer at an affordable cost.
Lake City (zip 37769) has an unemployment rate of 4.9%. The US average is 6.0%.
Lake City (zip 37769) has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 36.1%, which is higher than the US average of 33.5%.
Tax Rates for Lake City (zip 37769)
- The Sales Tax Rate for Lake City (zip 37769) is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Lake City (zip 37769) 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 (zip 37769)
- The average income of a Lake City (zip 37769) resident is $18,776 a year. The US average is $28,555 a year.
- The Median household income of a Lake City (zip 37769) resident is $53,304 a year. The US average is $69,021 a year.