Westwood Lakes, FL is a small town in the northeast of Florida known for its scenic views and outdoor activities. It has a population of around 6,000 people and is home to several local businesses such as Westwood Lakes Florist, Westwood Lakes Pawn Shop, and The Oasis - Westwood Lakes' premier restaurant. Rent in Westwood Lakes is slightly higher than the average US rate at $2,050 for a two-bedroom apartment. Grocery cost index in the area is also higher compared to the US standard with it being 109 versus 100 in the US. Despite the slightly higher cost of living, many people are drawn to Westwood Lake's beautiful scenery and outdoor activities making it an attractive place to live.
Westwood Lakes has an unemployment rate of 8.2%. The US average is 6.0%.
Westwood Lakes 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 Westwood Lakes
- The Sales Tax Rate for Westwood Lakes is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Westwood Lakes 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 Westwood Lakes
- The average income of a Westwood Lakes resident is $19,807 a year. The US average is $28,555 a year.
- The Median household income of a Westwood Lakes resident is $74,849 a year. The US average is $69,021 a year.