Babson Park, FL is a charming small town in the Central Florida area. With a low two bedroom rent of $1,360 compared to the U.S. average of $1,430, Babson Park is an affordable and beautiful place to call home. The cost of groceries is also quite reasonable, as Babson Park's index score of 103 is just 3 points higher than the U.S. average of 100. Local companies in the area include the Babson Park Hardware Store and Lake Wales Marina & Boat Rentals. Popular attractions include Bok Tower Gardens and The Devil's Garden Trailhead which offers stunning views of the surrounding landscape. With its tranquil atmosphere and picturesque scenery, Babson Park is an ideal location for anyone looking for a relaxed lifestyle without sacrificing easy access to local amenities.
Babson Park has an unemployment rate of 5.6%. The US average is 6.0%.
Babson Park has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Babson Park
- The Sales Tax Rate for Babson Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Babson Park 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 Babson Park
- The average income of a Babson Park resident is $13,184 a year. The US average is $28,555 a year.
- The Median household income of a Babson Park resident is $59,107 a year. The US average is $69,021 a year.