Zip 51449 (Lake City, IA) Economy


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United States / Iowa / No Metro Area / Calhoun County / Lake City / Lake City (zip 51449)
Lake City, IA (zip code 51449) is an affordable place to live, with a two bedroom rent of just $790 compared to the US average of $1,430. This low cost of living also extends to groceries - a Grocery Cost Index in Lake City is 93 versus 100 in the US. As such, Lake City is an ideal destination for those seeking a budget-friendly lifestyle. Not only are living costs lower here, but residents have access to many great local businesses such as Olson's Auto Repair, JP Nielsen & Associates CPA LLP, and Keltner Insurance Agency. With its low cost of living and abundance of local amenities, Lake City is certainly worth considering when looking for a place to call home.

Lake City (zip 51449) has an unemployment rate of 3.7%. The US average is 6.0%.

Lake City (zip 51449) has seen the job market decrease by -6.2% over the last year. Future job growth over the next ten years is predicted to be 18.4%, which is lower than the US average of 33.5%.

Tax Rates for Lake City (zip 51449)
- The Sales Tax Rate for Lake City (zip 51449) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake City (zip 51449) is 9.0%. 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 51449)
- The average income of a Lake City (zip 51449) resident is $30,790 a year. The US average is $37,638 a year.
- The Median household income of a Lake City (zip 51449) resident is $60,938 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLake City, IowaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
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    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
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