Port Charlotte, FL is an idyllic city located in Southwest Florida. It is known for its beautiful beaches and warm weather that attracts many visitors throughout the year. The 2-bedroom rent in Port Charlotte is $1,320 compared to the US average of $1,430 making it very affordable for people looking to settle down. Additionally, groceries are slightly cheaper in Port Charlotte with a Grocery Cost Index of 103 versus 100 in the US. Major companies that have a presence in Port Charlotte include PGT Industries, Nationwide Insurance, and Well Dunn Catering. All these factors make Port Charlotte an attractive place to live or visit as its cost of living is lower than other cities throughout the United States.
Port Charlotte has an unemployment rate of 5.0%. The US average is 6.0%.
Port Charlotte has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Port Charlotte
- The Sales Tax Rate for Port Charlotte is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Port Charlotte 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 Port Charlotte
- The average income of a Port Charlotte resident is $23,201 a year. The US average is $28,555 a year.
- The Median household income of a Port Charlotte resident is $54,956 a year. The US average is $69,021 a year.