Citrus Hills, FL is an attractive area for families and retirees alike. With its warm climate and proximity to recreation areas, Citrus Hills offers plenty of outdoor activities for all ages. Additionally, the cost of living is relatively low with local two bedroom rents at only $950 compared to the US average of $1,430. The grocery cost index in Citrus Hills is also favorable compared to other parts of the country as it stands at 104 versus 100 nationally.
The local economy in Citrus Hills is largely based on retail and restaurant establishments with multiple major chain stores located throughout the city. The presence of a few large employers such as Walmart, Publix Super Markets Inc., and Home Depot also provides ample job opportunities in this area. Furthermore, the housing market is quite robust due to its affordability and variety of available properties ranging from single family homes to condominiums that appeal to a wide range of buyers.
Citrus Hills has an unemployment rate of 6.4%. The US average is 6.0%.
Citrus Hills has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Citrus Hills
- The Sales Tax Rate for Citrus Hills is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Citrus Hills 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 Citrus Hills
- The average income of a Citrus Hills resident is $37,455 a year. The US average is $28,555 a year.
- The Median household income of a Citrus Hills resident is $69,385 a year. The US average is $69,021 a year.