Medulla,FL is a small town located near the city of Lakeland. It has a population of about 8,000 people and is known for its culture and friendly atmosphere. The cost of living in Medulla is quite affordable with the average rent for two-bedroom apartments being $1,300. This is lower than the national average of $1,430. Furthermore, grocery costs are also relatively low at 104 compared to the US average index, which stands at 100. The town is home to a number of local businesses such as Groce Electric Co., Inc., Medulla Air Conditioning & Heating Service and JF Jones Auto Body Repair & Refinishing. These companies provide employment opportunities to many local residents while offering quality services and products that benefit the area. Medulla is an ideal location for those seeking an affordable place to live with plenty of amenities available nearby.
Medulla has an unemployment rate of 5.6%. The US average is 6.0%.
Medulla 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 Medulla
- The Sales Tax Rate for Medulla is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Medulla 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 Medulla
- The average income of a Medulla resident is $24,672 a year. The US average is $28,555 a year.
- The Median household income of a Medulla resident is $70,906 a year. The US average is $69,021 a year.