Cypress Lake, FL is a great place to live for those looking for more affordable rent. The current two bedroom rental rate of $1,480 is significantly lower than the national average of $1,430. Additionally, groceries are more affordable in Cypress Lake due to the higher Grocery Cost Index score of 104 compared to the US’s score of 100.
Cypress Lake is home to several businesses across various industries including Cypress Lake Industries LLC which specializes in manufacturing textiles, Primary Care Solutions which offers medical services, and DLM Construction and Paving Inc which provides construction services.
Cypress Lake has an unemployment rate of 4.6%. The US average is 6.0%.
Cypress Lake 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 41.6%, which is higher than the US average of 33.5%.
Tax Rates for Cypress Lake
- The Sales Tax Rate for Cypress Lake is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Cypress Lake 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 Cypress Lake
- The average income of a Cypress Lake resident is $31,195 a year. The US average is $28,555 a year.
- The Median household income of a Cypress Lake resident is $55,601 a year. The US average is $69,021 a year.