Montverde, FL is a small town located in Lake County, Florida. With a population of just over 3,000 residents, Montverde is known for its rural atmosphere and quality of life. The cost of living in Montverde is slightly higher than the national average due to the 2 bedroom rent being $1,480 per month compared to the US average of $1,430 per month. The grocery cost index in Montverde is also higher at 106 versus 100 in the US.
Montverde is home to local businesses such as Rockey's Watersports, Montverde Academy, and the Flying Cow Cafe. These businesses provide many job opportunities for local residents and help contribute to the economy of this small town. In addition to these businesses other attractions include hiking trails at Ferndale Preserve and camping sites at Bishop Beach Park. Overall living in Montverde provides an excellent quality of life at a slightly higher cost than most towns in America.
Montverde has an unemployment rate of 5.3%. The US average is 6.0%.
Montverde has seen the job market decrease by -10.2% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.
Tax Rates for Montverde
- The Sales Tax Rate for Montverde is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Montverde 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 Montverde
- The average income of a Montverde resident is $35,334 a year. The US average is $37,638 a year.
- The Median household income of a Montverde resident is $96,316 a year. The US average is $69,021 a year.