Lecanto, FL Economy


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Lecanto, FL is a city located in Citrus County, Florida. It is a popular tourist destination due to its close proximity to a number of natural attractions like Crystal River and Homosassa Springs State Park. The cost of living in Lecanto is much lower than the national average with an average 2 bedroom rent being $930 compared to the US average of $1,430. Grocery costs are also lower at 104 in comparison to the US index which is 100. There are many local companies that operate within Lecanto such as Nature Coast Bank, Crystal Collision Repairs and U-Haul Truck Rentals. All these factors create an inviting atmosphere for both tourists and residents alike.

Lecanto has an unemployment rate of 6.4%. The US average is 6.0%.

Lecanto has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.

Tax Rates for Lecanto
- The Sales Tax Rate for Lecanto is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Lecanto 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 Lecanto
- The average income of a Lecanto resident is $20,437 a year. The US average is $28,555 a year.
- The Median household income of a Lecanto resident is $47,593 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyLecanto, FloridaUnited States
  6.46
  -5.3%-6.2%
  29.0%33.5%
  6.0%6.2%
  0.0%4.6%
  $25,306$37,638
  $47,593$69,021
  $67,500$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  5.2%6.8%
  2.8%10.0%
  0.7%2.5%
  12.6%11.0%
  1.9%4.8%
  6.1%0.8%
  1.3%1.9%
  3.0%4.7%
  2.5%1.9%
  1.6%7.6%
  0.0%0.1%
  1.8%4.2%
  9.0%9.3%
  15.7%14.0%
  3.4%2.1%
  7.7%7.0%
  18.1%4.8%
  6.8%4.7%
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