Silver Lake, FL is a vibrant community situated near the Gulf Coast of Florida. The area offers an abundance of local businesses for residents to explore. Some local businesses include a country club, marina and golf course, as well as retail stores, restaurants and bars. Living in Silver Lake is also very affordable with a two bedroom rent averaging around $1,440 compared to the US average of $1,430. Additionally, grocery costs are slightly cheaper when you account for the index being 99 versus 100 in the US. In conclusion, living in Silver Lake provides its residents with an enjoyable lifestyle at an affordable price point.
Silver Lake has an unemployment rate of 5.3%. The US average is 6.0%.
Silver Lake has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.2%, which is higher than the US average of 33.5%.
Tax Rates for Silver Lake
- The Sales Tax Rate for Silver Lake is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Silver Lake 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 Silver Lake
- The average income of a Silver Lake resident is $38,260 a year. The US average is $28,555 a year.
- The Median household income of a Silver Lake resident is $75,260 a year. The US average is $69,021 a year.