Lago, TX is a quaint city located in the heart of Texas. It is known for its friendly community and small-town charm. The cost of living in Lago is one of the most affordable in the state, with 2 bedroom rent averaging $870 compared to the national average of $1,430. Additionally, grocery costs are below the national average at 89 compared to 100 in the US. This makes Lago an attractive place for those looking for affordability.
Lago has many local businesses that make it such a great place to live. One such company is Lago Automotive Solutions, which provides dependable auto repair services for residents and visitors alike. Another major employer in Lago is The Grocery Basket, which offers organic produce and all-natural grocery items at competitive prices. These two companies are key players in keeping Lago's economy strong and providing essential services to its citizens.
Lago has an unemployment rate of 10.0%. The US average is 6.0%.
Lago has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 27.7%, which is lower than the US average of 33.5%.
Tax Rates for Lago
- The Sales Tax Rate for Lago is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Lago is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing 黑料社区.
Income and Salaries for Lago
- The average income of a Lago resident is $12,095 a year. The US average is $37,638 a year.
- The Median household income of a Lago resident is $0 a year. The US average is $69,021 a year.