Fanning Springs, FL is a small but thriving town located in Gilchrist County. It has a population of 1,400 residents and offers its citizens access to amenities such as grocery stores, restaurants, shops, and schools. The cost of living in Fanning Springs is quite affordable; for example the 2 bedroom rent is set at $930, while the national average for 2 bedrooms is $1,430. Grocery prices are lower than the US average too with an index rating of 98 out of 100. The local economy benefits from several businesses including K&R Concrete Pumping Inc., Long Pond Cabins & Campground LLC., and Ferris Fire Protection Inc.. Living in Fanning Springs is not only convenient but also reasonably priced making it a great option for those looking for an easy way to save money.
Fanning Springs has an unemployment rate of 5.0%. The US average is 6.0%.
Fanning Springs has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 35.8%, which is higher than the US average of 33.5%.
Tax Rates for Fanning Springs
- The Sales Tax Rate for Fanning Springs is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Fanning Springs 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 Fanning Springs
- The average income of a Fanning Springs resident is $18,042 a year. The US average is $28,555 a year.
- The Median household income of a Fanning Springs resident is $36,667 a year. The US average is $69,021 a year.