Miami Springs, FL is an attractive place to live due to its relative affordability compared to the national average. The median two bedroom rent in Miami Springs is $1,850, while the US average for two bedroom rent is $1,430. Additionally, the Grocery Cost Index in Miami Springs is 108 versus 100 for the US as a whole. These cost savings make living in Miami Springs even more attractive. Some of the popular local companies that call Miami Springs home include ITW Construction Products, DHL Express USA, Jacobs Technology Inc., and Sysco Corporation. There are also plenty of locally owned businesses providing goods and services such as restaurants, retail stores, and professional services like accounting and legal advice. With many great options for employment and affordability it's no wonder why so many people choose to live in this vibrant city.
Miami Springs has an unemployment rate of 8.2%. The US average is 6.0%.
Miami Springs has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Miami Springs
- The Sales Tax Rate for Miami Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Miami 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 Miami Springs
- The average income of a Miami Springs resident is $27,190 a year. The US average is $28,555 a year.
- The Median household income of a Miami Springs resident is $73,991 a year. The US average is $69,021 a year.