The Hammocks, FL is an attractive and popular suburb of Miami-Dade County. With its convenient location and close proximity to the beaches, it is no wonder why many people are choosing to call this area home. The 2 bedroom rent in The Hammocks is above the US average at $2,560 compared to the US average of $1,430. Grocery costs are also higher in The Hammocks with a grocery cost index of 108 compared to 100 for the US as a whole. There are numerous local businesses located in The Hammocks such as Lucy's Bakery & Cafe, La Bodeguita De Las Flores, Hornes BBQ Shack and PerfectiCare Home Health. All these companies provide great services that make living in The Hammocks even more enjoyable.
The Hammocks has an unemployment rate of 8.2%. The US average is 6.0%.
The Hammocks has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for The Hammocks
- The Sales Tax Rate for The Hammocks is 7.0%. The US average is 7.3%.
- The Income Tax Rate for The Hammocks 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 The Hammocks
- The average income of a The Hammocks resident is $22,179 a year. The US average is $28,555 a year.
- The Median household income of a The Hammocks resident is $73,597 a year. The US average is $69,021 a year.