DeFuniak Springs, FL is a small city located in Walton County. With a population of 5,478, this picturesque city is known for its natural beauty and diverse economy. Among the local companies are Gulf Power Company, Southern Homes of Northwest Florida, and DeFuniak Springs Regional Airport. The rental cost of 2 bedroom apartments in DeFuniak Springs is more affordable compared to the US average at $910 compared to $1,430. Additionally, the Grocery Cost Index is significantly lower than the national average at 95 versus 100. All these factors make DeFuniak Springs an attractive city for those looking for a new place to call home.
DeFuniak Springs has an unemployment rate of 4.2%. The US average is 6.0%.
DeFuniak Springs has seen the job market increase by 4.3% over the last year. Future job growth over the next ten years is predicted to be 50.6%, which is higher than the US average of 33.5%.
Tax Rates for DeFuniak Springs
- The Sales Tax Rate for DeFuniak Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for DeFuniak 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 DeFuniak Springs
- The average income of a DeFuniak Springs resident is $16,498 a year. The US average is $28,555 a year.
- The Median household income of a DeFuniak Springs resident is $53,984 a year. The US average is $69,021 a year.