Live Oak, FL is a small city located in Suwannee County. It is conveniently located near many major cities such as Jacksonville and Tampa. Despite its nearness to these bustling metropolitan areas, Live Oak's cost of living is lower than the national average. The average rent for a two bedroom apartment is $820, while the US average for the same size housing unit is $1,430. Additionally, the grocery cost index in Live Oak is 96 compared to 100 for the US.
Live Oak offers a quiet place to live with plenty of access to outdoor activities like canoeing, fishing and camping. There are also plenty of local businesses in town such as Tractor Supply Co., Roses Department Store, and Quality Tire & Automotive Repair Center that offer great services and job opportunities to residents of Live Oak.
Live Oak has an unemployment rate of 4.8%. The US average is 6.0%.
Live Oak has seen the job market decrease by -1.7% over the last year. Future job growth over the next ten years is predicted to be 25.0%, which is lower than the US average of 33.5%.
Tax Rates for Live Oak
- The Sales Tax Rate for Live Oak is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Live Oak 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 Live Oak
- The average income of a Live Oak resident is $14,243 a year. The US average is $28,555 a year.
- The Median household income of a Live Oak resident is $45,417 a year. The US average is $69,021 a year.