Meadow Woods, FL is a thriving city located in the central area of Florida. With an estimated population of 50,000 people, Meadow Woods offers a variety of amenities for its residents. The cost of living in Meadow Woods is higher than the national average with 2 bedroom rent at $1,970 compared to the US average at $1,430. The Grocery Cost Index in Meadow Woods is 102 versus 100 in the US. Despite these costs being slightly higher than the rest of the nation, local businesses have seen success which contribute to the local economy. Some notable companies include Walmart Supercenter and Publix Super Markets as well as some small businesses like Garden Nursery and Home Supplies Inc. Compared to other cities of similar size, Meadow Woods offers a diverse range of economic opportunities that make it an ideal place to live or visit.
Meadow Woods has an unemployment rate of 5.5%. The US average is 6.0%.
Meadow Woods 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 50.1%, which is higher than the US average of 33.5%.
Tax Rates for Meadow Woods
- The Sales Tax Rate for Meadow Woods is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Meadow Woods 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 Meadow Woods
- The average income of a Meadow Woods resident is $17,748 a year. The US average is $28,555 a year.
- The Median household income of a Meadow Woods resident is $68,046 a year. The US average is $69,021 a year.