Southwest Ranches is a small town located in Miami-Dade county, Florida. It has a population of around 5,000 people and is known for its rural atmosphere and lush subtropical landscape. The rent for a two-bedroom apartment in Southwest Ranches is around $2,810 per month, which is slightly higher than the US average of $1,430. In addition to rent costs, the Grocery Cost Index rating in Southwest Ranches is 113 versus 100 in the US overall, making it more expensive to buy groceries here. Residents of Southwest Ranches can find work at local businesses such as Broward Equestrian Center or Global Equipment Solutions. All in all, while living costs are slightly more expensive than many other areas of the country, Southwest Ranches offers its residents an idyllic rural lifestyle that many find appealing.
Southwest Ranches has an unemployment rate of 5.3%. The US average is 6.0%.
Southwest Ranches 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 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Southwest Ranches
- The Sales Tax Rate for Southwest Ranches is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Southwest Ranches 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 Southwest Ranches
- The average income of a Southwest Ranches resident is $44,693 a year. The US average is $28,555 a year.
- The Median household income of a Southwest Ranches resident is $139,980 a year. The US average is $69,021 a year.