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.