The Miami-Fort Lauderdale-West Palm Beach, FL Metro Area is a vibrant hub of activity with countless businesses and opportunities. This area is home to many well known companies such as Carnival Cruise Lines, Brightline, American Airlines, Norwegian Cruise Line, and Royal Caribbean International. It is also renowned for its beaches, restaurants, nightlife, and its high-end shops. The cost of living in this area is higher than the US average but still affordable; rent for two bedrooms averages around $1,890 compared to the US average of $1,430 and the grocery cost index here is 107 versus 100 in the US. All in all this metro area offers an exciting lifestyle for those looking to live near the ocean or enjoy a bustling city life.
Miami-Fort Lauderdale-Pompano Beach Metro Area has an unemployment rate of 6.4%. The US average is 6.0%.
Miami-Fort Lauderdale-Pompano Beach Metro Area has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 38.9%, which is higher than the US average of 33.5%.
Tax Rates for Miami-Fort Lauderdale-Pompano Beach Metro Area
- The Sales Tax Rate for Miami-Fort Lauderdale-Pompano Beach Metro Area is 6.7%. The US average is 7.3%.
- The Income Tax Rate for Miami-Fort Lauderdale-Pompano Beach Metro Area 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 Miami-Fort Lauderdale-Pompano Beach Metro Area
- The average income of a Miami-Fort Lauderdale-Pompano Beach Metro Area resident is $27,240 a year. The US average is $28,555 a year.
- The Median household income of a Miami-Fort Lauderdale-Pompano Beach Metro Area resident is $62,870 a year. The US average is $69,021 a year.