Bonifay, FL is an affordable place to live for those looking for a more rural lifestyle. The rent for a two-bedroom apartment averages $890 per month compared to the national average of $1,430, making it an attractive option for those on a budget. Additionally, Bonifay's cost of groceries and other everyday items is lower than the national average with an index of 95 versus 100 for the US. Local businesses in Bonifay include family owned restaurants like Grits and Grains Cafe and B&B Grocery. There are also local retailers such as Heaton's Country Store and Sunland Gin Company which provide employment opportunities in addition to goods and services.
Bonifay has an unemployment rate of 4.7%. The US average is 6.0%.
Bonifay has seen the job market decrease by -3.2% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Bonifay
- The Sales Tax Rate for Bonifay is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bonifay 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 Bonifay
- The average income of a Bonifay resident is $16,243 a year. The US average is $37,638 a year.
- The Median household income of a Bonifay resident is $32,500 a year. The US average is $69,021 a year.