Palmona Park, FL is a great place to live for those looking for a peaceful lifestyle. Located in the heart of Florida, this charming city offers convenient access to parks, shopping centers, restaurants and entertainment venues. The cost of living in Palmona Park is quite reasonable compared to other cities in Florida with 2 Bedroom rents averaging $1,160 versus $1,430 in the US and a Grocery Cost Index of 103 versus 100 in the US. Some popular local companies include Palmona Park Bank, Citi Stop Diner and Smith's Hardware Store. All these amenities make Palmona Park an attractive option for those seeking a balance between convenience and affordability.
Palmona Park has an unemployment rate of 4.6%. The US average is 6.0%.
Palmona Park has seen the job market decrease by -5.1% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%.
Tax Rates for Palmona Park
- The Sales Tax Rate for Palmona Park is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Palmona Park 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 Palmona Park
- The average income of a Palmona Park resident is $10,839 a year. The US average is $37,638 a year.
- The Median household income of a Palmona Park resident is $0 a year. The US average is $69,021 a year.