Bagdad, FL is an affordable place to live with a two bedroom rent of $1,170 compared to the US average of $1,430. The cost of groceries in Bagdad is also less than the US average with an index rating of 97. The local economy is home to many small businesses such as Bagdad Garage Door Repair Company which provides residential services for all types of garage doors and openers. The local community is friendly and tight-knit with events like the annual Ocktoberfest hosted by the local Ocklawaha River Brewery. There are also several parks and nature reserves in close proximity which make outdoor activities convenient for residents.
Bagdad has an unemployment rate of 4.0%. The US average is 6.0%.
Bagdad 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 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Bagdad
- The Sales Tax Rate for Bagdad is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bagdad 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 Bagdad
- The average income of a Bagdad resident is $18,079 a year. The US average is $28,555 a year.
- The Median household income of a Bagdad resident is $65,887 a year. The US average is $69,021 a year.