Groveland, FL is a small town located in Lake County. It is known for its abundance of outdoor activities such as fishing, boating, swimming and camping. It is also home to several local businesses providing goods and services to the people of Groveland. Popular companies include Groveland Hardware, Taylor’s Florist, and Warren’s Auto Repair. The cost of living in Groveland is slightly higher than the US average; 2 Bedroom rent in Groveland costs $290 more than the U.S., making it an affordable place to live but still more expensive than most other towns in Florida. Additionally, grocery costs are more expensive here with a Grocery Cost Index of 101 compared to 100 for the US. Despite this though, Groveland remains a popular destination due to all its outdoor activities and variety of local businesses that offer goods and services at competitive prices.
Groveland has an unemployment rate of 5.3%. The US average is 6.0%.
Groveland has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.
Tax Rates for Groveland
- The Sales Tax Rate for Groveland is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Groveland 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 Groveland
- The average income of a Groveland resident is $17,988 a year. The US average is $28,555 a year.
- The Median household income of a Groveland resident is $78,709 a year. The US average is $69,021 a year.