Florida State is a popular destination for those seeking an escape from the hustle and bustle of city life. The state offers two bedroom rent at $1,560 on average, which is slightly higher than the nation-wide average of $1,430. Additionally, groceries in Florida have a cost index of 103 compared to the national standard of 100. Companies based in Florida include Disney World, Universal Studios, Publix Super Markets Inc., and United Technologies Corporation (UTC). Many people enjoy these attractions and companies as well as the many beaches and other activities that can be found throughout the state.
Florida has an unemployment rate of 5.3%. The US average is 6.0%.
Florida has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 41.6%, which is higher than the US average of 33.5%.
Tax Rates for Florida
- The Sales Tax Rate for Florida is 6.8%. The US average is 7.3%.
- The Income Tax Rate for Florida 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 Florida
- The average income of a Florida resident is $26,499 a year. The US average is $28,555 a year.
- The Median household income of a Florida resident is $61,777 a year. The US average is $69,021 a year.