Welaka, FL is a small town located in Putnam County. It is known for its beautiful landscape and lively atmosphere. The cost of living in Welaka is slightly higher than the US average, with 2 bedroom rent being $2,040 per month compared to $1,430 nationally. The Grocery Cost Index in Welaka is 2 points lower than the US average of 100.
The town of Welaka has a variety of great local businesses that offer excellent services to their community. Some well known local companies include Welaka Hardware & Lumber Co., Corriveau Motorsports, and Coffee Landing Marina & Boat Rentals. Residents enjoy great amenities such as fishing and boating on the St Johns River, camping at Rice Creek Conservation Area or hiking at Ravine Gardens State Park. With its natural scenery and friendly atmosphere, Welaka makes a great place to live or visit!
Welaka has an unemployment rate of 6.3%. The US average is 6.0%.
Welaka has seen the job market decrease by -0.3% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Welaka
- The Sales Tax Rate for Welaka is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Welaka 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 Welaka
- The average income of a Welaka resident is $17,416 a year. The US average is $28,555 a year.
- The Median household income of a Welaka resident is $42,885 a year. The US average is $69,021 a year.