Cedar Key, FL is a coastal city located on an island in the Gulf of Mexico. The town is home to several small businesses including Cedar Key Marina, Old Tavernier Restaurant and Bar, and Cedar Key Shellfish Company. It is a popular destination for fishing, kayaking, swimming, bird watching, and more. Renting a two bedroom apartment in Cedar Key costs roughly $900 per month; this is considerably less than the national average of $1430. The Grocery Cost Index in Cedar Key is 100 versus 100 in the US—this implies that basic groceries are relatively inexpensive here compared to many other places. This makes it easier for people to live comfortably on a budget while still enjoying all the wonderful attractions of this unique city.
Cedar Key has an unemployment rate of 5.0%. The US average is 6.0%.
Cedar Key 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 Cedar Key
- The Sales Tax Rate for Cedar Key is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cedar Key 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 Cedar Key
- The average income of a Cedar Key resident is $32,720 a year. The US average is $28,555 a year.
- The Median household income of a Cedar Key resident is $62,788 a year. The US average is $69,021 a year.