Ocala, FL is a city located in north-central Florida. With a low cost of living and plenty of sunshine, it's a great place to live and work. Renting a two bedroom apartment in Ocala costs approximately $1,150, making it much more affordable than the US average of $1,430. Groceries are also cheaper here with an index of 98 versus 100 for the US as a whole.
The area has plenty to offer businesses as well. Major local companies include Munroe Regional Medical center, Lockheed Martin and AT&T. There are also numerous small businesses like Ocala Electric Utility, which provides electricity to the area; Sprinklermania Inc., which specializes in lawn care; and K & K Auto Glass, which provides auto glass repair services. All these companies help make Ocala a great place to call home.
Ocala has an unemployment rate of 5.6%. The US average is 6.0%.
Ocala has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 37.6%, which is higher than the US average of 33.5%.
Tax Rates for Ocala
- The Sales Tax Rate for Ocala is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Ocala 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 Ocala
- The average income of a Ocala resident is $22,399 a year. The US average is $28,555 a year.
- The Median household income of a Ocala resident is $46,841 a year. The US average is $69,021 a year.