Edgewater, FL is a vibrant city located in central Florida. It offers its residents a variety of amenities, including affordable housing. The average 2 bedroom rent is $1,270 which is lower than the US average of $1,430. Additionally, living in Edgewater is quite affordable as the Grocery Cost Index stands at 99 versus 100 in the US average.
This city offers plenty of opportunities for those looking to live or visit. There are several local businesses that contribute to Edgewater’s economy including Woodard Marine, Keepin it Reel Bait & Tackle, and Oceanside Marina. For entertainment purposes, visitors and locals can enjoy a day out at the Indian River Lagoon Preserve State Park or the Marine Discovery Center to experience some of Florida’s wildlife and natural beauty.
Edgewater has an unemployment rate of 5.1%. The US average is 6.0%.
Edgewater has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 42.9%, which is higher than the US average of 33.5%.
Tax Rates for Edgewater
- The Sales Tax Rate for Edgewater is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Edgewater 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 Edgewater
- The average income of a Edgewater resident is $24,500 a year. The US average is $28,555 a year.
- The Median household income of a Edgewater resident is $52,097 a year. The US average is $69,021 a year.