Economy in Bay County, Florida

Bay, FL County is a desirable location to live due to its affordable lifestyle. Rent for a two bedroom is $1,300 compared to the national average of $1,430, making it an attractive spot for those looking to save money on housing costs. Additionally, the Grocery Cost Index in Bay, FL County stands at 99 compared to 100 in the US as a whole, indicating that food expenses are relatively low here. Many locally-based companies make Bay their home including restaurants like Joe's Crab Shack and regional banks such as First Bank of Florida. Given these factors combined with the diverse array of activities available nearby such as boating and fishing, it is easy to see why Bay is an attractive option for many potential residents.

Bay County has an unemployment rate of 4.5%. The US average is 6.0%.

Bay County has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 34.3%, which is higher than the US average of 33.5%.

Tax Rates for Bay County
- The Sales Tax Rate for Bay County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Bay County 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 Bay County
- The average income of a Bay County resident is $24,937 a year. The US average is $28,555 a year.
- The Median household income of a Bay County resident is $60,473 a year. The US average is $69,021 a year.