84038 Laketown, UT is an ideal place to live for those looking for a more affordable cost of living. 2 Bedroom Rent in Laketown is $1,230, compared to the US average of $1,430, making it a great option for budget-minded renters. Additionally, the Grocery Cost Index in Laketown is 96 versus 100 in the US, offering further savings on everyday items. The local economy of 84038 Laketown, UT features several well-known businesses such as Intermountain Farmers Association (IFA), Superior Livestock Auction, and Old West Realty. IFA is one of the largest agricultural suppliers in the country while Superior Livestock Auction has become recognized throughout Utah as a reliable source for livestock auctions. Old West Realty provides housing sales and rentals throughout the region and has been a mainstay of Laketown's real estate industry for many years.
Laketown (zip 84038) has an unemployment rate of 3.5%. The US average is 6.0%.
Laketown (zip 84038) has seen the job market decrease by -1.2% over the last year. Future job growth over the next ten years is predicted to be 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Laketown (zip 84038)
- The Sales Tax Rate for Laketown (zip 84038) is 6.2%. The US average is 7.3%.
- The Income Tax Rate for Laketown (zip 84038) is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Laketown (zip 84038)
- The average income of a Laketown (zip 84038) resident is $31,661 a year. The US average is $37,638 a year.
- The Median household income of a Laketown (zip 84038) resident is $84,063 a year. The US average is $69,021 a year.