Zip 32579 (Lake Lorraine, FL) Economy


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Located in the city of 32579 Lake Lorraine, Florida, is a wonderful place to call home. This city is known for its incredible diversity and excellent quality of life. The average two-bedroom rent here is $1,400, which is slightly lower than the national average of $1,430. Additionally, grocery costs are also more affordable than the national index; they rest at 102 versus 100 in the US.
If you decide to settle down in 32579 Lake Lorraine, you'll have access to plenty of local businesses and amenities. The area offers a variety of restaurants like Red Lobster and Olive Garden along with retail stores like Walmart and Target. There are also a number of healthcare facilities such as Lake Lorraine Medical Center and Lakeland Regional Health System. With all these great resources nearby, it's no wonder that so many people call 32579 Lake Lorraine their home.

Lake Lorraine (zip 32579) has an unemployment rate of 4.0%. The US average is 6.0%.

Lake Lorraine (zip 32579) has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 46.2%, which is higher than the US average of 33.5%.

Tax Rates for Lake Lorraine (zip 32579)
- The Sales Tax Rate for Lake Lorraine (zip 32579) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Lorraine (zip 32579) 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 Lorraine (zip 32579)
- The average income of a Lake Lorraine (zip 32579) resident is $33,473 a year. The US average is $28,555 a year.
- The Median household income of a Lake Lorraine (zip 32579) resident is $88,722 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake Lorraine, FloridaUnited States
  46
  -3.4%-6.2%
  46.2%33.5%
  6.5%6.2%
  0.0%4.6%
  $46,701$37,638
  $88,722$69,021
  $106,935$85,028
  Population by Occupation
  1.2%1.2%
  0.2%0.5%
  2.9%6.8%
  3.0%10.0%
  0.7%2.5%
  6.7%11.0%
  2.7%4.8%
  0.2%0.8%
  1.9%1.9%
  2.2%4.7%
  2.8%1.9%
  15.4%7.6%
  0.0%0.1%
  6.3%4.2%
  9.2%9.3%
  12.3%14.0%
  3.8%2.1%
  9.6%7.0%
  4.9%4.8%
  14.0%4.7%
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