Loxahatchee Groves, FL is a small town located in Palm Beach County with a population of just over 8,000 people. The area is known for its rural living and agricultural lifestyle. Rent for a two bedroom apartment is slightly higher than the national average at $2,510 compared to $1,430 across the United States. Loxahatchee Groves also has significantly higher grocery costs with an index of 109 versus 100 nationally. Despite these higher costs of living, there are several local companies such as Beefstro’s Gourmet Meats, Loxahatchee Groves Veterinary Clinic and Schumacher Chevrolet that make the area appealing to live in. Although affordability may be an issue for some people due to the increased costs of living in Loxahatchee Groves, FL compared to other places in the country there are still many great local businesses making it worth considering as a potential place to call home.
Loxahatchee Groves has an unemployment rate of 4.7%. The US average is 6.0%.
Loxahatchee Groves has seen the job market decrease by -6.6% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Loxahatchee Groves
- The Sales Tax Rate for Loxahatchee Groves is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Loxahatchee Groves 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 Loxahatchee Groves
- The average income of a Loxahatchee Groves resident is $47,093 a year. The US average is $37,638 a year.
- The Median household income of a Loxahatchee Groves resident is $104,792 a year. The US average is $69,021 a year.