Cedar Lake, IN is a growing community with a population of around 13,000 people. The average 2 Bedroom Rent in Cedar Lake is $1,000 per month which is less than the US average of $1,430 per month. Grocery Cost Index in Cedar Lake comes to 96 compared to 100 in the US, making it a relatively affordable place to live. Local businesses include grocery stores such as Big Apple Market and Burish's Farm Fresh Market, hardware store Suchy's Ace Hardware , gas station Casey's General Store and several eateries like Just Jake's Pizza and Cork & Fork. All in all, Cedar Lake has an affordable cost of living that makes it an attractive place to live for many families or young professionals looking for value.
Cedar Lake (zip 46303) has an unemployment rate of 7.6%. The US average is 6.0%.
Cedar Lake (zip 46303) has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 28.5%, which is lower than the US average of 33.5%.
Tax Rates for Cedar Lake (zip 46303)
- The Sales Tax Rate for Cedar Lake (zip 46303) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Lake (zip 46303) is 3.2%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Cedar Lake (zip 46303)
- The average income of a Cedar Lake (zip 46303) resident is $28,050 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Lake (zip 46303) resident is $79,594 a year. The US average is $69,021 a year.