25121 Lake, WV is an attractive destination due to its low cost of living. The average 2 bedroom rent in 25121 Lake is $730 compared to the U.S average of $1,430. Additionally the Grocery Cost Index in 25121 Lake stands at 95 compared to 100 in the U.S. This means that groceries are less expensive in 25121 Lake than they are nationally. Local companies based in 25121 Lake include Mountain State Electric Inc., Berkeley Springs Masonry LLC and Morgan Distrubuting Co. All three businesses provide jobs for local residents and are important contributors to the economy of the area.
Lake (zip 25121) has an unemployment rate of 8.1%. The US average is 6.0%.
Lake (zip 25121) has seen the job market decrease by -1.5% over the last year. Future job growth over the next ten years is predicted to be 11.9%, which is lower than the US average of 33.5%.
Tax Rates for Lake (zip 25121)
- The Sales Tax Rate for Lake (zip 25121) is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lake (zip 25121) is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lake (zip 25121)
- The average income of a Lake (zip 25121) resident is $22,220 a year. The US average is $28,555 a year.
- The Median household income of a Lake (zip 25121) resident is $48,068 a year. The US average is $69,021 a year.