Fellsmere, FL is a small but growing city located in Indian River County. It is known for its rural landscape, which makes it attractive to those looking for a peaceful and serene atmosphere. The cost of living in Fellsmere is much lower than the national average, with 2 bedroom rent costing only $1,020 compared to $1,430 nationally. Furthermore, grocery costs are 4% higher than the US average as indicated by the Grocery Cost Index, which stands at 104 versus 100 in the US.
Fellsmere has several local companies that make it a great place to live and work. Some of these include Fellsmere Feed & Supply Co., an agricultural supply store; M&M Airboats & Marsh Tours LLC, a tour company specializing in airboat rides into local marshes; and Irie Wines & Spirits Co., a locally-owned wine shop offering unique wines from around the world. All of these businesses provide quality products and services while contributing to the local economy of Fellsmere.
Fellsmere has an unemployment rate of 5.2%. The US average is 6.0%.
Fellsmere has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 38.4%, which is higher than the US average of 33.5%.
Tax Rates for Fellsmere
- The Sales Tax Rate for Fellsmere is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fellsmere 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 Fellsmere
- The average income of a Fellsmere resident is $9,442 a year. The US average is $28,555 a year.
- The Median household income of a Fellsmere resident is $28,341 a year. The US average is $69,021 a year.