33898 Lake Wales, FL is a small city located in eastern Polk County. With its idyllic location, friendly people, and reasonably priced housing, this city has become a desirable place to live in the Central Florida region. The average two-bedroom rent for 33898 Lake Wales, FL is only $1,030 per month—$400 cheaper than the national average! Additionally, the Grocery Cost Index for this area is also lower than the US average at 103 versus 100.
If you are looking for work or need to shop for groceries in 33898 Lake Wales, FL then there are plenty of businesses that can help you out. Notable local companies include Publix Supermarket which offers great grocery shopping options, SunTrust Bank for financial services, and The Home Depot for home improvement needs. There are also many restaurants in the area such as Hunan Chinese Restaurant and La Familia Mexican Restaurant that offer delicious meals at reasonable prices.
Lake Wales (zip 33898) has an unemployment rate of 5.6%. The US average is 6.0%.
Lake Wales (zip 33898) has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Lake Wales (zip 33898)
- The Sales Tax Rate for Lake Wales (zip 33898) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Wales (zip 33898) 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 Wales (zip 33898)
- The average income of a Lake Wales (zip 33898) resident is $21,163 a year. The US average is $28,555 a year.
- The Median household income of a Lake Wales (zip 33898) resident is $48,185 a year. The US average is $69,021 a year.