Tavares, FL Economy


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Tavares, FL is a great place to live with its affordable housing and cost of living. At just $1,280 for a two bedroom apartment, it is much lower than the US average of $1,430. The grocery cost index in Tavares is also on par with the national average at 100. This makes it a great place to call home whether you're a family or looking for an easy life by yourself. Companies such as Bailey's Produce Market and Goodlett Farms offer fresh local produce and are great additions to the community. In addition, Harris Chain of Lakes Brewing Company offers locally made craft beers that are sure to satisfy any beer lover. Other businesses such as Johnsons Automotive Services provide reliable auto repair services while Shirleys Hair Studio provides excellent hair care services at reasonable rates. All these local businesses provide convenience and affordability to residents of Tavares, making it an even more attractive place to live.

Tavares has an unemployment rate of 5.3%. The US average is 6.0%.

Tavares has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.

Tax Rates for Tavares
- The Sales Tax Rate for Tavares is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Tavares 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 Tavares
- The average income of a Tavares resident is $22,119 a year. The US average is $28,555 a year.
- The Median household income of a Tavares resident is $49,313 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyTavares, FloridaUnited States
  5.36
  -10.2%-6.2%
  51.2%33.5%
  7.0%6.2%
  0.0%4.6%
  $34,146$37,638
  $49,313$69,021
  $68,848$85,028
  Population by Occupation
  1.7%1.2%
  0.0%0.5%
  6.8%6.8%
  5.6%10.0%
  2.2%2.5%
  11.9%11.0%
  2.5%4.8%
  0.5%0.8%
  1.8%1.9%
  2.1%4.7%
  1.8%1.9%
  6.8%7.6%
  0.8%0.1%
  4.7%4.2%
  7.3%9.3%
  25.5%14.0%
  1.9%2.1%
  6.9%7.0%
  4.5%4.8%
  4.9%4.7%
Reviews for Tavares
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Over 10 years ago

looking for the best reasonable area to live in close to Astatula, Fl. Low crime, cost of living and jobs. Husband lost job in Georgia and now has obtained a great  More

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Over 14 years ago

A great, great town..Wonderful city employees..A revitalized down town entertainment district..Seaplane port, new restaurants,water park for kids..A beautiful lighted  More

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Over 18 years ago

Been here 22 years. Leaving asap. Too many old people due to HUGE, well marketed retirement community taking over Lake/Sumter/Marion counties. High housing costs,  More

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