Frostproof, FL is a small town located in Polk County with an approximate population of 3,000 people. Despite its size, Frostproof has many local companies to choose from such as the Frostproof family Diner, Hoot’s Hardware Store and the Frostproof Florist Shop. The cost of living in Frostproof is quite affordable with 2 bedroom rent estimated to be around $960. It is slightly cheaper than compared to the US average of $1,430 for the same size dwelling. Grocery costs are also fairly inexpensive with an index score of 99 versus 100 in the US making it a great place to settle down at an economical rate.
Frostproof has an unemployment rate of 5.6%. The US average is 6.0%.
Frostproof has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Frostproof
- The Sales Tax Rate for Frostproof is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Frostproof 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 Frostproof
- The average income of a Frostproof resident is $18,471 a year. The US average is $28,555 a year.
- The Median household income of a Frostproof resident is $46,406 a year. The US average is $69,021 a year.