Babson Park, Florida is a small town located in Polk County, Florida. It has a population of 33827 as of the 2020 census. The town is known for its natural beauty and outdoor activities such as fishing, boating, canoeing and hiking. The rental cost of a two bedroom residence in Babson Park is $1,410 which is slightly below the US average of $1,430. Additionally, the grocery cost index in Babson Park is 103 versus 100 in the US.
The town is home to several businesses including Horseshoe Beach Resort which offers lodging, restaurant and bar services; Crooked Lake Sandhill Outdoor Adventures that offers plenty of outdoor activities; and University of South Florida Polytechnic which offers undergraduate and graduate degrees in various fields. There are also several local restaurants available to provide delicious meals for all types of dietary needs and preferences.
Babson Park (zip 33827) has an unemployment rate of 5.6%. The US average is 6.0%.
Babson Park (zip 33827) has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 43.7%, which is higher than the US average of 33.5%.
Tax Rates for Babson Park (zip 33827)
- The Sales Tax Rate for Babson Park (zip 33827) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Babson Park (zip 33827) 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 Babson Park (zip 33827)
- The average income of a Babson Park (zip 33827) resident is $33,990 a year. The US average is $37,638 a year.
- The Median household income of a Babson Park (zip 33827) resident is $59,464 a year. The US average is $69,021 a year.