Bascom, FL is a small town located in Jackson County, Florida. It is known for its friendly community, abundance of outdoor activities, and quaint downtown area. The cost of living in Bascom is relatively low compared to the US average. Rent for a 2 bedroom apartment is only $800 compared to $1,430 nationally. The grocery cost index in Bascom is 93 versus 100 nationally. There are several local companies that call Bascom home such as Carquest Auto Parts, J&M Services LLC., and Northern Automotive Supply Co Inc., all providing jobs and economic stimulation to the local economy. In general, Bascom offers the perks of a small town while still providing a relatively low cost of living and access to quality jobs.
Bascom has an unemployment rate of 4.8%. The US average is 6.0%.
Bascom has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 28.6%, which is lower than the US average of 33.5%.
Tax Rates for Bascom
- The Sales Tax Rate for Bascom is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Bascom 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 Bascom
- The average income of a Bascom resident is $26,724 a year. The US average is $28,555 a year.
- The Median household income of a Bascom resident is $62,188 a year. The US average is $69,021 a year.