Hampton, FL is a small city located in the Northeastern part of the state. This city has a population of less than 1000 people and is known for its affordable living costs. The average 2 bedroom rent in Hampton is $1,070 which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Hampton is 97 compared to 100 nationally.
In terms of businesses, Hampton has a few local companies such as Hampton General Store & Deli, Hampton Tire and Auto Repair Center, and Top Notch Janitorial Services. These small businesses are essential to the local economy and support many community members. Many residents enjoy shopping at these stores and patronizing their services for all their needs.
Hampton has an unemployment rate of 4.3%. The US average is 6.0%.
Hampton has seen the job market decrease by -4.0% over the last year. Future job growth over the next ten years is predicted to be 40.5%, which is higher than the US average of 33.5%.
Tax Rates for Hampton
- The Sales Tax Rate for Hampton is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Hampton 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 Hampton
- The average income of a Hampton resident is $17,422 a year. The US average is $37,638 a year.
- The Median household income of a Hampton resident is $35,714 a year. The US average is $69,021 a year.