Altoona, FL is a small town located in Central Florida. It has a rich history of family businesses and small local companies such as grocery stores, restaurants, and retail shops. The cost of living in Altoona is lower than the US average, with 2 bedroom rent at $1,280 compared to $1,430 nationally. Additionally, the Grocery Cost Index in Altoona is 98 versus 100 in the US. Overall Altoona is an ideal city for those looking for access to amenities without high costs of living.
Altoona has an unemployment rate of 5.3%. The US average is 6.0%.
Altoona 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 Altoona
- The Sales Tax Rate for Altoona is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Altoona 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 Altoona
- The average income of a Altoona resident is $39,051 a year. The US average is $37,638 a year.
- The Median household income of a Altoona resident is $0 a year. The US average is $69,021 a year.