Floral City, Florida is a small town located in southwestern Florida known for its natural beauty and charming atmosphere. The median two-bedroom rent in Floral City is $850 per month, which is much lower than the average two-bedroom rent across the United States of $1,430. Grocery costs are also relatively inexpensive with a grocery cost index of 102 versus 100 in the US. Popular local companies include the Floral City Hardware store, which has been serving residents since 1886, as well as other locally owned businesses like JJ's Pizzeria and Floral City Farms. Floral City offers something for everyone with its wonderful scenery and budget friendly prices.
Floral City has an unemployment rate of 6.4%. The US average is 6.0%.
Floral City has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 29.0%, which is lower than the US average of 33.5%.
Tax Rates for Floral City
- The Sales Tax Rate for Floral City is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Floral City 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 Floral City
- The average income of a Floral City resident is $23,263 a year. The US average is $28,555 a year.
- The Median household income of a Floral City resident is $50,255 a year. The US average is $69,021 a year.