Palmetto, FL is an attractive city to live in for many reasons. Not only is the 2 bedroom rent lower than the national average at $1,510 compared to $1,430 respectively, but it also has a low grocery cost index of 105 versus the US at 100. On top of that, Palmetto is home to many local companies such as ESI warehouse facility and logistics management company, Crown Drilling Inc., offering services such as oil drilling and well completion services, and Diversified Treescapes offering residential landscaping services. With so many great opportunities and amenities on offer its no wonder Palmetto is becoming increasingly popular with those looking for a place to settle down.
Palmetto has an unemployment rate of 4.4%. The US average is 6.0%.
Palmetto has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 45.1%, which is higher than the US average of 33.5%.
Tax Rates for Palmetto
- The Sales Tax Rate for Palmetto is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palmetto 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 Palmetto
- The average income of a Palmetto resident is $22,278 a year. The US average is $28,555 a year.
- The Median household income of a Palmetto resident is $50,762 a year. The US average is $69,021 a year.