Cocoa, Florida is an ideal place to live and work. With its proximity to the beach and charming downtown area, people can find plenty of activities to enjoy in their free time. Furthermore, Cocoa has a thriving job market with companies like Lockheed Martin Space Systems Company, City of Cocoa, National Data Corporation, and Health First all actively hiring new employees. The cost of living in Cocoa is lower than the US average, with 2 bedroom rent at $1,110 compared to $1,430 nationally. Grocery costs also fall below the national mark with an index rating of 97 versus 100 in the US. For those looking for an excellent quality of life with affordable prices and plenty of employment opportunities, Cocoa Florida is an ideal destination.
Cocoa has an unemployment rate of 4.5%. The US average is 6.0%.
Cocoa has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Cocoa
- The Sales Tax Rate for Cocoa is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Cocoa 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 Cocoa
- The average income of a Cocoa resident is $19,993 a year. The US average is $28,555 a year.
- The Median household income of a Cocoa resident is $48,085 a year. The US average is $69,021 a year.