Lake Station, IN, located in the zip code 46405, is an affordable and lively city. The average two-bedroom rent is $1,010, much lower than the national average of $1,430. Additionally, grocery cost index here is a relatively low 92 in comparison to 100 in other cities across the US. There are many local businesses and amenities for residents to take advantage of such as South Shore Plaza Shopping Center, Walgreens Pharmacy, Elegant Edge Beauty Salon & Spa, Roots Family Kitchen & Bar and more. The area also features convenient transportation with access to two major airports and several highways. With its affordability, amenities and easy access to transportation, Lake Stations offers something for everyone looking for a place to call home.
Lake Station (zip 46405) has an unemployment rate of 7.6%. The US average is 6.0%.
Lake Station (zip 46405) has seen the job market decrease by -7.1% 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 Lake Station (zip 46405)
- The Sales Tax Rate for Lake Station (zip 46405) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Station (zip 46405) 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 Lake Station (zip 46405)
- The average income of a Lake Station (zip 46405) resident is $22,480 a year. The US average is $37,638 a year.
- The Median household income of a Lake Station (zip 46405) resident is $50,462 a year. The US average is $69,021 a year.