Willow Oak, FL is a charming city located near Tampa and Orlando. The city offers beautiful landscapes and plenty of local businesses for its residents. Some popular companies in Willow Oak are Willow Valley Grocery, the Summerwood Marina, and the Willow Oaks Bookstore. Not only does Willow Oak have a great selection of shops, but it also has an affordable cost of living. The average rent for a two bedroom apartment is $1,200 per month and the grocery cost index is 104 compared to the US average of 100. Additionally, residents enjoy access to many local parks such as Lake McKey Park and Wills Park that provide plenty of outdoor activities.
Willow Oak has an unemployment rate of 5.6%. The US average is 6.0%.
Willow Oak has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Willow Oak
- The Sales Tax Rate for Willow Oak is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Willow Oak 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 Willow Oak
- The average income of a Willow Oak resident is $18,001 a year. The US average is $28,555 a year.
- The Median household income of a Willow Oak resident is $43,391 a year. The US average is $69,021 a year.