Oviedo, FL Economy


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Oviedo, FL is a vibrant city with plenty of local businesses to explore. It is located in central Florida and is known for its diverse population and wide range of attractions for visitors and residents alike. The cost of living in Oviedo is higher than the US average, as evidenced by the two-bedroom rent rate which is $1,920 compared to $1,430 across the US. Grocery costs in Oviedo are also higher than the US average, with an index score of 104 relative to 100 nationally. Amongst some of the popular local companies are F&H Solutions Group, a technology consulting firm; The Electric Company Inc., an electrical contractor; and Starwood Hotels & Resorts Worldwide Inc., which owns several renowned hotels in the area.

Oviedo has an unemployment rate of 4.1%. The US average is 6.0%.

Oviedo has seen the job market decrease by -10.4% over the last year. Future job growth over the next ten years is predicted to be 50.5%, which is higher than the US average of 33.5%.

Tax Rates for Oviedo
- The Sales Tax Rate for Oviedo is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oviedo 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 Oviedo
- The average income of a Oviedo resident is $40,415 a year. The US average is $37,638 a year.
- The Median household income of a Oviedo resident is $103,882 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyOviedo, FloridaUnited States
  Population by Occupation
Reviews for Oviedo
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My family retired here from the cold north and have never been happier. We searched Arizona (didn't like the scorpions, lack of green, or air quality after sand  More

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Over 7 years ago

Oviedo is a wonderful place to live and raise a family. Low crime rate and fun community events create a strong community. We are experiencing strong growth in new  More

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I've been in Oviedo since 2001 and it is a nice place to live as far as family goes. Seminole county schools are considered better than the others in Central Florida. Go  More

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