Bradenton, FL is a popular city located on Florida's Gulf Coast. It is home to an array of beaches, parks, museums, restaurants, and businesses. The cost of living in Bradenton is slightly higher than the US average due mainly to its proximity to major attractions like beaches and theme parks. The grocery cost index in Bradenton is 104 compared to 100 in the US, making groceries more expensive in Bradenton. Additionally, 2 bedroom rent in Bradenton is $1,440 per month whereas 2 bedroom rent in the US is only $1,430 per month. This could be because of the large demand for housing in this popular city or because local companies like Tropicana Products Inc., West Shore Pizza & Cheesesteaks Co., and Global Central Air Services pay their employees higher wages than other companies based elsewhere. Regardless of the cause; it is clear that Bradenton has a higher cost of living than most other areas in the US.
Bradenton has an unemployment rate of 4.7%. The US average is 6.0%.
Bradenton has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 42.5%, which is higher than the US average of 33.5%.
Tax Rates for Bradenton
- The Sales Tax Rate for Bradenton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bradenton 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 Bradenton
- The average income of a Bradenton resident is $22,121 a year. The US average is $28,555 a year.
- The Median household income of a Bradenton resident is $50,084 a year. The US average is $69,021 a year.