Cocoa Beach, FL is a popular vacation destination located along Florida's East Coast. It offers plenty of amenities such as beaches, restaurants, and activities for visitors to enjoy. Popular companies in Cocoa Beach include Ron Jon Surf Shop and the Cocoa Beach Pier. The cost of living in Cocoa Beach is slightly higher than other areas in the United States due to its reputation as a tourist hotspot. For example, the rent for two bedroom apartments is $1,510 compared to the US average of $1,430. Additionally, groceries are also more expensive with a Grocery Cost Index of 104 versus 100 in the US. Despite this difference in cost of living though, tourists and residents alike still flock to this beautiful beach town every year due to its unparalleled beauty and recreation opportunities.
Cocoa Beach has an unemployment rate of 4.5%. The US average is 6.0%.
Cocoa Beach has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Cocoa Beach
- The Sales Tax Rate for Cocoa Beach is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cocoa Beach 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 Cocoa Beach
- The average income of a Cocoa Beach resident is $38,612 a year. The US average is $28,555 a year.
- The Median household income of a Cocoa Beach resident is $73,901 a year. The US average is $69,021 a year.