Lake City, FL (32024) is an affordable city located in Northeast Florida. The average two bedroom rent here is $940 as compared to the US average which stands at $1,430, which is a 34% difference. This makes Lake City an attractive area for families looking for a budget-friendly place to live while still enjoying all that Florida has to offer.
Lake City also offers plenty of attractions and activities for visitors and locals alike. Major employers in the area include Olen Corporation, UF Health Shands Lake Shore Hospital, Publix Super Markets Inc., Target Distribution Center, and Waste Pro USA. Additionally, grocery costs are only slightly higher than the US index at 99 versus 100 respectively; making it easy to find quality products without breaking the bank.
Lake City (zip 32024) has an unemployment rate of 4.9%. The US average is 6.0%.
Lake City (zip 32024) 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 32024)
- The Sales Tax Rate for Lake City (zip 32024) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City (zip 32024) 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 32024)
- The average income of a Lake City (zip 32024) resident is $29,192 a year. The US average is $37,638 a year.
- The Median household income of a Lake City (zip 32024) resident is $57,636 a year. The US average is $69,021 a year.