Black Diamond, FL is an affordable area for those looking to save money. The rent for a 2 bedroom apartment in Black Diamond is nearly $500 less than the national average, making it one of the most cost-effective places in the US. Additionally, groceries are more inexpensive than the US index by 3%, adding to the low cost of living. Local companies and amenities include retail stores such as Walmart, Target, and Home Depot; dining options such as Burger King, Subway and Taco Bell; and entertainment venues like AMC movie theaters. With all these amenities and a lower cost of living than most cities in the US, Black Diamond is an attractive option for those looking to find a home in Florida.
Black Diamond has an unemployment rate of 6.4%. The US average is 6.0%.
Black Diamond has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Black Diamond
- The Sales Tax Rate for Black Diamond is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Black Diamond 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 Black Diamond
- The average income of a Black Diamond resident is $40,358 a year. The US average is $28,555 a year.
- The Median household income of a Black Diamond resident is $115,673 a year. The US average is $69,021 a year.