Canal Point, FL is a small town with an approximate population of 1,000. It has affordable housing for two bedroom rentals at $1,020. This is lower than the US average of $1,430 per month for the same size unit. The cost of groceries in Canal Point is slightly less than the national index at 99 versus 100 in the US. Canal Point has many local businesses such as Everglades Farm Equipment Co., Pahokee Marine Center Inc., and Pahokee Grocery Store Inc. Canal Point also provides access to many recreational activities such as fishing, picnicking, swimming, camping and kayaking on Lake Okeechobee or along the banks of the nearby canal system. Additionally there are several parks near by where locals can relax or enjoy a picnic lunch while taking in the natural beauty of Florida's wetlands.
Canal Point (zip 33438) has an unemployment rate of 4.7%. The US average is 6.0%.
Canal Point (zip 33438) has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 39.6%, which is higher than the US average of 33.5%.
Tax Rates for Canal Point (zip 33438)
- The Sales Tax Rate for Canal Point (zip 33438) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Canal Point (zip 33438) 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 Canal Point (zip 33438)
- The average income of a Canal Point (zip 33438) resident is $13,891 a year. The US average is $28,555 a year.
- The Median household income of a Canal Point (zip 33438) resident is $95,188 a year. The US average is $69,021 a year.