Fort Lauderdale, FL is a popular destination for tourists and families alike due to its sunny weather and many attractions. It is also an ideal place to live due to its affordability. The average two-bedroom rent in Fort Lauderdale is $1,810, lower than the national average of $1,430. Additionally, the Grocery Cost Index in Fort Lauderdale is 108 compared to the US average of 100, which means that groceries are slightly more expensive here than elsewhere in the country.
Fort Lauderdale has several well-known companies such as AutoNation, Citrix Systems and JM Family Enterprises. These employers help drive economic growth and fuel demand for housing and services throughout the area. However, despite higher wages offered by local businesses, residents still benefit from low costs associated with living in Fort Lauderdale when compared to other cities across the US. All this helps make it easier for individuals and families to live a comfortable life in Fort Lauderdale while maintaining a reasonable budget.
Fort Lauderdale has an unemployment rate of 6.1%. The US average is 6.0%.
Fort Lauderdale has seen the job market decrease by -7.7% over the last year. Future job growth over the next ten years is predicted to be 37.9%, which is higher than the US average of 33.5%.
Tax Rates for Fort Lauderdale
- The Sales Tax Rate for Fort Lauderdale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fort Lauderdale 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 Fort Lauderdale
- The average income of a Fort Lauderdale resident is $48,407 a year. The US average is $37,638 a year.
- The Median household income of a Fort Lauderdale resident is $66,994 a year. The US average is $69,021 a year.