Jacob City, FL is a great place to live for those looking for a lower cost of living. The average two bedroom rent is $800 per month, significantly lower than the US average of $1430. Furthermore, the Grocery Cost Index in Jacob City is 93 compared to 100 in the US, meaning groceries are about 7 percent cheaper than in other parts of the country. There are many local businesses and government institutions that provide services to residents including Jacob's City Bank, Jacob's Electronics, Jacob's City Library and Jacob's Community Center. Each provides quality goods and services to citizens of Jacob City with competitive prices. Additionally, there are several city parks, beautiful beaches and great places to eat throughout town.
Jacob City has an unemployment rate of 4.8%. The US average is 6.0%.
Jacob City has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Jacob City
- The Sales Tax Rate for Jacob City is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Jacob City 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 Jacob City
- The average income of a Jacob City resident is $13,851 a year. The US average is $28,555 a year.
- The Median household income of a Jacob City resident is $37,898 a year. The US average is $69,021 a year.