Okeechobee, FL is an attractive residential area located in Southern Florida with a vibrant economy. A two bedroom rent in Okeechobee, FL costs $1,290 which is much lower than the average US two bedroom rent cost of $1,430. This makes Okeechobee an affordable option for those looking to settle down in Southern Florida. Additionally, the Grocery Cost Index in Okeechobee is 102 versus 100 in the US. Local companies based out of Okeechobee include Chick-fil-A, Walmart Supercenter and Dollar General Store. These businesses help drive growth in the local economy while providing convenient shopping options for local residents. When compared to other parts of the United States, living costs in Okeechobee offer great savings potential for those seeking to settle down near the Atlantic Coast.
Okeechobee has an unemployment rate of 4.4%. The US average is 6.0%.
Okeechobee has seen the job market decrease by -2.6% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.
Tax Rates for Okeechobee
- The Sales Tax Rate for Okeechobee is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Okeechobee 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 Okeechobee
- The average income of a Okeechobee resident is $17,667 a year. The US average is $28,555 a year.
- The Median household income of a Okeechobee resident is $40,149 a year. The US average is $69,021 a year.