Polk City, FL is a rapidly growing city with plenty of business opportunities. It is home to several major companies such as Publix Super Markets, Polk County Public Schools, and Sun Distributing Company. Residents of Polk City benefit from reasonable housing prices with the average two bedroom rent at $1,010 compared to the US average of $1,430. Additionally, grocery costs in Polk City are slightly lower than in the US with an index of 103 versus 100. These benefits make Polk City an attractive option for businesses and individuals alike looking to take advantage of the growing opportunities in this city.
Polk City has an unemployment rate of 5.6%. The US average is 6.0%.
Polk City 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 Polk City
- The Sales Tax Rate for Polk City is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Polk City 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 Polk City
- The average income of a Polk City resident is $19,910 a year. The US average is $28,555 a year.
- The Median household income of a Polk City resident is $59,069 a year. The US average is $69,021 a year.