Lake City, FL (32025) is a great place for those seeking an affordable lifestyle due to its low cost of living and rent. The average 2 bedroom rent in Lake City is $940, which is much lower than the US average of $1,430. Additionally, food costs are notably cheaper - the Grocery Cost Index in Lake City is 97 versus 100 in the US. Local companies worth noting include ACV Enviro, which provides environmental services; Fire & Rain Inc., a fire protection engineering firm; and ProLogic Solutions, a software development firm.
Lake City (zip 32025) has an unemployment rate of 4.9%. The US average is 6.0%.
Lake City (zip 32025) has seen the job market decrease by -3.3% 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 (zip 32025)
- The Sales Tax Rate for Lake City (zip 32025) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City (zip 32025) 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 32025)
- The average income of a Lake City (zip 32025) resident is $23,518 a year. The US average is $37,638 a year.
- The Median household income of a Lake City (zip 32025) resident is $47,439 a year. The US average is $69,021 a year.