Economy in Winter Haven, Florida

Winter Haven, FL is a great place to live. With the cost of rent for two bedrooms being $1,110 compared to the US average of $1,430, it's a much more affordable option. Additionally, the grocery cost index in Winter Haven is 103 compared to 100 in the US making groceries more reasonable too. This makes Winter Haven an attractive place for people who want to save on living expenses without sacrificing quality of life. Local companies include Publix Super Markets, Walmart, and The Home Depot which are all within reach of this city and provide plenty of options for shopping and employment opportunities.

Winter Haven has an unemployment rate of 6.5%. The US average is 6.0%.

Winter Haven 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 44.5%, which is higher than the US average of 33.5%.

Tax Rates for Winter Haven
- The Sales Tax Rate for Winter Haven is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Winter Haven 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 Winter Haven
- The average income of a Winter Haven resident is $21,448 a year. The US average is $28,555 a year.
- The Median household income of a Winter Haven resident is $50,842 a year. The US average is $69,021 a year.