Merritt Island, FL is a beautiful and vibrant city located in Brevard County. It is known for its stunning waterside homes, amazing attractions, and many local businesses. Some of the popular local companies in Merritt Island include Merritt Square Mall, Space Coast Ice Plex, Coast Gold Car Wash, and Florida’s 1st Choice Vacation Rentals. Popular attractions in the area include National Wildlife Refuge, Merritt Island National Seashore, Kennedy Space Center Visitor Complex and Port Canaveral. The cost of living index for Merritt Island is 103 compared to US Average of 100 showing that it is more expensive than the national average. The 2 Bedroom rent in Merritt Island is $1,350 while US Average 2 Bedroom rent is $1,430.
Merritt Island has an unemployment rate of 4.5%. The US average is 6.0%.
Merritt Island has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Merritt Island
- The Sales Tax Rate for Merritt Island is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Merritt Island 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 Merritt Island
- The average income of a Merritt Island resident is $32,214 a year. The US average is $28,555 a year.
- The Median household income of a Merritt Island resident is $78,022 a year. The US average is $69,021 a year.