Otter Creek, FL is a small town located in the heart of the state. This quaint community offers its residents a close-knit atmosphere, while still providing them with all the amenities needed to live comfortably. The average two bedroom rent in Otter Creek is $860 which is much lower than the national average of $1,430. There are many local businesses that provide services such as grocery stores, restaurants, and other shops. Additionally, Otter Creek has a Grocery Cost Index score of 92 compared to the US index which is 100. This means that it's cheaper to buy groceries in Otter Creek than it is in most other places across the country. All of these factors combined make Otter Creek an attractive destination for those looking for an affordable place to live with plenty of local entertainment options.
Otter Creek has an unemployment rate of 5.0%. The US average is 6.0%.
Otter Creek has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Otter Creek
- The Sales Tax Rate for Otter Creek is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Otter Creek 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 Otter Creek
- The average income of a Otter Creek resident is $14,226 a year. The US average is $28,555 a year.
- The Median household income of a Otter Creek resident is $55,793 a year. The US average is $69,021 a year.