Biscayne Park, FL Economy


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Biscayne Park, FL is a small town located near Miami. The city is known for its quiet atmosphere and its stunning views of Biscayne Bay. It has a variety of businesses ranging from restaurants and retail stores to professional services like law firms and medical offices. Some of the more popular local companies include Big Fish Bar & Grill, Main Street Café, and Five Star Dry Cleaners. In addition to businesses, Biscayne Park also offers residents amenities like parks, trails, libraries, and shopping centers. The median rent for a two bedroom apartment in the area is $1,730 which is higher than the US average of $1,430. The town also has a higher grocery cost index than the rest of the country at 106 versus 100 respectively.

Biscayne Park has an unemployment rate of 8.2%. The US average is 6.0%.

Biscayne Park has seen the job market decrease by -11.1% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.

Tax Rates for Biscayne Park
- The Sales Tax Rate for Biscayne Park is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Biscayne 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 Biscayne Park
- The average income of a Biscayne Park resident is $31,368 a year. The US average is $37,638 a year.
- The Median household income of a Biscayne Park resident is $65,000 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyBiscayne Park, FloridaUnited States
    Unlock6
    Unlock-6.2%
    Unlock33.5%
    Unlock6.2%
    Unlock4.6%
    Unlock$37,638
    Unlock$69,021
    Unlock$85,028
  Population by Occupation
    Unlock1.2%
    Unlock0.5%
    Unlock6.8%
    Unlock10.0%
    Unlock2.5%
    Unlock11.0%
    Unlock4.8%
    Unlock0.8%
    Unlock1.9%
    Unlock4.7%
    Unlock1.9%
    Unlock7.6%
    Unlock0.1%
    Unlock4.2%
    Unlock9.3%
    Unlock14.0%
    Unlock2.1%
    Unlock7.0%
    Unlock4.8%
    Unlock4.7%
Reviews for Biscayne Park
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Over 17 years ago

I have been a resident of Biscayne Park since early 2002. The city has 1200 properties most of which are single family homes followed by duplexes and I believe only 2  More

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