Economy in Palm Coast, Florida

Palm Coast, FL is a great place to live. It has a cost of living lower than the national average, with 2 bedroom rent being around $1,440 compared to $1,430 in the U.S., and a grocery cost index of 101 versus 100 nationally. The city offers plenty of opportunities for employment as there are many local companies such as Palm Coast Data Inc., Cowart Electric Inc., and Watson Realty Corp. that have their headquarters here. There are also plenty of activities and attractions to explore such as hiking trails, golf courses, pristine beaches and more. With its peaceful atmosphere and low cost of living, Palm Coast is an ideal place to settle down and start a family.

Palm Coast has an unemployment rate of 5.3%. The US average is 6.0%.

Palm Coast has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 43.9%, which is higher than the US average of 33.5%.

Tax Rates for Palm Coast
- The Sales Tax Rate for Palm Coast is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palm Coast 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 Palm Coast
- The average income of a Palm Coast resident is $22,335 a year. The US average is $28,555 a year.
- The Median household income of a Palm Coast resident is $61,847 a year. The US average is $69,021 a year.