Altamonte Springs, FL is a vibrant suburb of Orlando that offers its residents a wide range of opportunities. Located just 15 miles north of downtown Orlando, Altamonte Springs boasts abundant nature parks, popular restaurants, and modern businesses like AdventHealth Altamonte Springs and Altamonte Mall. With rental costs averaging around $1,690 for a two bedroom apartment, the cost of living in Altamonte Springs is slightly higher than the US average for similar dwellings. The Grocery Cost Index in Altamonte Springs is also slightly higher than the US at 99 versus 100. Despite the slightly higher costs, those who live in Altamonte Springs can enjoy the convenience of being near an urban center while still living in a relaxing suburban environment.
Altamonte Springs has an unemployment rate of 4.9%. The US average is 6.0%.
Altamonte Springs has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 47.0%, which is higher than the US average of 33.5%.
Tax Rates for Altamonte Springs
- The Sales Tax Rate for Altamonte Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Altamonte Springs 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 Altamonte Springs
- The average income of a Altamonte Springs resident is $27,236 a year. The US average is $28,555 a year.
- The Median household income of a Altamonte Springs resident is $57,629 a year. The US average is $69,021 a year.