Bay Lake, FL is a desirable place to live and work. It has a relatively low 2 bedroom rent compared to the US average, making it an attractive option for those looking for affordable housing. The Grocery Cost Index in Bay Lake is also higher than the national average, indicating that groceries may be slightly more expensive here.
Bay Lake is home to several notable companies such as Universal Orlando Resort, SeaWorld Orlando, and Lockheed Martin Space Systems Company. Additionally, health care provider Centene Corporation recently announced plans to open an office tower in this city later this year. With its close proximity to major attractions, vibrant business community, and cost of living advantages, Bay Lake offers something for everyone.
Bay Lake has an unemployment rate of 5.5%. The US average is 6.0%.
Bay Lake has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 50.1%, which is higher than the US average of 33.5%.
Tax Rates for Bay Lake
- The Sales Tax Rate for Bay Lake is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Bay Lake 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 Bay Lake
- The average income of a Bay Lake resident is $37,164 a year. The US average is $28,555 a year.
- The Median household income of a Bay Lake resident is $111,442 a year. The US average is $69,021 a year.