Rio, FL is a great option for those looking for a peaceful lifestyle. The rent for two bedroom homes in the area is much lower than the national average, at only $1,410 per month. The grocery cost index in Rio is also slightly below the US average, with an index score of 106 versus 100 nationally. Residents of Rio are lucky to enjoy local businesses such as Jones Hardware Store, Makaya Supermarket, and Elizabeth's Upholstery Shop – all of which offer competitive prices and great customer service. In general, Rio has a low cost of living due to its relatively low rents and accessible grocery stores which makes it an ideal location for those looking for an affordable yet quality place to live.
Rio has an unemployment rate of 4.1%. The US average is 6.0%.
Rio has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 40.3%, which is higher than the US average of 33.5%.
Tax Rates for Rio
- The Sales Tax Rate for Rio is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Rio 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 Rio
- The average income of a Rio resident is $48,610 a year. The US average is $28,555 a year.
- The Median household income of a Rio resident is $85,146 a year. The US average is $69,021 a year.