Okaloosa County, Florida is an area known for its warm climate and picturesque beaches. It is located along the Florida Panhandle and offers a variety of activities for visitors and residents alike. The cost of living in Okaloosa County is relatively low compared to other parts of the country, as 2 bedroom rent costs $1,310 per month versus the U.S average of $1,430. Grocery costs are also lower than the national average, coming in at 99 on the index. Some of the larger companies operating in Okaloosa County include Eglin Air Force Base; Lockheed Martin; Northrop Grumman; and Raytheon Technologies Corporation. Other well-known employers in the area include Wells Fargo Bank, Target Corporation, Gulf Power Company, and Duke Energy. Additionally there are numerous small businesses that call Okaloosa County home.
Okaloosa County has an unemployment rate of 4.0%. The US average is 6.0%.
Okaloosa County has seen the job market increase by 4.2% over the last year. Future job growth over the next ten years is predicted to be 46.2%, which is higher than the US average of 33.5%.
Tax Rates for Okaloosa County
- The Sales Tax Rate for Okaloosa County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Okaloosa 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 Okaloosa County
- The average income of a Okaloosa County resident is $29,082 a year. The US average is $28,555 a year.
- The Median household income of a Okaloosa County resident is $67,390 a year. The US average is $69,021 a year.