Defuniak Springs, FL (32433) is a small city in Walton County that is known for its pleasant climate, friendly people, and vibrant economy. The cost of living in Defuniak Springs is relatively low; 2 bedroom rent averages around $910 compared to the US average of $1430. Furthermore, grocery costs are 95 versus 100 in the US. This makes it more affordable to live here than most other places.
The city has a few major employers that help keep the local economy strong such as Eglin Air Force Base, Walmart Distribution Center, Choctawhatchee Electric Cooperative, and The City of Defuniak Springs. Eglin Air Force Base provides over 25,000 local jobs throughout Okaloosa and Walton counties along with providing significant military defense capabilities for the US government. The Walmart Distribution Center employs 700 workers who help ship products all across the country from their location in Defuniak Springs. Choctawhatchee Electric Cooperative is a local utility provider that helps keep energy costs low as well as contributes to job growth within Defuniak Springs. Lastly, The City of Defuniak Springs has numerous governmental jobs including teachers, police officers, firefighters, and many more who help maintain an excellent quality of life within the city boundaries.
Defuniak Springs (zip 32433) has an unemployment rate of 4.2%. The US average is 6.0%.
Defuniak Springs (zip 32433) has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 50.6%, which is higher than the US average of 33.5%.
Tax Rates for Defuniak Springs (zip 32433)
- The Sales Tax Rate for Defuniak Springs (zip 32433) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Defuniak Springs (zip 32433) 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 Defuniak Springs (zip 32433)
- The average income of a Defuniak Springs (zip 32433) resident is $22,762 a year. The US average is $37,638 a year.
- The Median household income of a Defuniak Springs (zip 32433) resident is $45,734 a year. The US average is $69,021 a year.