Palatka, FL is an interesting city located in Putnam County. It boasts wonderful amenities, and a cost of living that is below the national average. Rent for a two bedroom apartment in Palatka is only $840, while the US average is $1,430. Additionally, the Grocery Cost Index in Palatka is 96 compared to 100 nationally. This makes it an affordable place to live for people on a budget. The city has many notable companies based there, such as Kona Ice of Palatka, Proctor Lumber Company, and Putnam Electrical Contractors Inc. With its access to local attractions and low cost of living, it's easy to see why so many people choose Palatka, FL as their home.
Palatka has an unemployment rate of 6.3%. The US average is 6.0%.
Palatka has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Palatka
- The Sales Tax Rate for Palatka is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palatka 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 Palatka
- The average income of a Palatka resident is $15,452 a year. The US average is $28,555 a year.
- The Median household income of a Palatka resident is $28,082 a year. The US average is $69,021 a year.