Jacksonville, Florida is known for its warm weather and beautiful beaches. This lively city has much to offer its residents in terms of both entertainment and career opportunities. Residents of Jacksonville enjoy a diverse range of businesses from banks like Wells Fargo to retail stores such as Target. The cost of living in this city is generally less expensive than that of other large cities, with the average 2 bedroom rent coming in at $1,330 compared to a national average of $1,430. Grocery costs are also quite low with an index score of 99 versus 100 for the US as a whole. All in all, Jacksonville makes for an affordable destination with plenty of options in terms of employment and leisure activities.
Jacksonville has an unemployment rate of 4.9%. The US average is 6.0%.
Jacksonville has seen the job market increase by 2.8% over the last year. Future job growth over the next ten years is predicted to be 44.4%, which is higher than the US average of 33.5%.
Tax Rates for Jacksonville
- The Sales Tax Rate for Jacksonville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Jacksonville 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 Jacksonville
- The average income of a Jacksonville resident is $25,496 a year. The US average is $28,555 a year.
- The Median household income of a Jacksonville resident is $58,263 a year. The US average is $69,021 a year.