Orlando, FL is a vibrant city known for its attractions and year-round sunshine. The city has an incredibly diverse population with a strong economy fueled by major companies such as Disney, Lockheed Martin, Universal Orlando, Electronic Arts, and Siemens. Rent for a two bedroom apartment is $1,740 per month, which is slightly higher than the national average of $1,430. However, groceries are more affordable in Orlando than other parts of the country with the grocery cost index being 101 versus 100 in the US. Overall Orlando is an exciting destination to live and work with plenty of opportunities for those looking to make their mark.
Orlando has an unemployment rate of 5.8%. The US average is 6.0%.
Orlando has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.0%, which is higher than the US average of 33.5%.
Tax Rates for Orlando
- The Sales Tax Rate for Orlando is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Orlando is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Orlando
- The average income of a Orlando resident is $25,664 a year. The US average is $28,555 a year.
- The Median household income of a Orlando resident is $58,968 a year. The US average is $69,021 a year.