Lake Mary, FL is a great place to live. It is located within easy reach of Orlando and offers many job opportunities at local companies such as Sanford Burnham Prebys Medical Discovery Institute, AdventHealth Corporate Office, Central Florida Research Park, Verizon Wireless Regional Headquarters and Darden Restaurants. The cost of rent for a two-bedroom apartment in Lake Mary is around $1,910 which is higher than the US average of $1,430. Other costs associated with living in Lake Mary are also higher when compared to the US average. The grocery cost index in Lake Mary stands at 104 while it is only 100 nationally. All this makes Lake Mary an expensive place to live but one that has plenty to offer residents or potential residents.
Lake Mary has an unemployment rate of 4.7%. The US average is 6.0%.
Lake Mary 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 48.5%, which is higher than the US average of 33.5%.
Tax Rates for Lake Mary
- The Sales Tax Rate for Lake Mary is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lake Mary 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 Lake Mary
- The average income of a Lake Mary resident is $39,031 a year. The US average is $28,555 a year.
- The Median household income of a Lake Mary resident is $94,770 a year. The US average is $69,021 a year.