Zip 34224 (Englewood, FL) Economy


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Englewood, FL is a small city located in Sarasota County. It has an estimated population of 14,410 according to the 2020 census. The average cost for a two bedroom rental in Englewood is $1,160 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Englewood is 104 versus 100 in the US which means that it is more expensive to buy groceries locally. Local companies include Englewood Seafood and Farmer's Market, CVS Pharmacy and Publix Super Markets. With its low rent prices and convenient shopping options, Englewood provides a great place to live.

Englewood (zip 34224) has an unemployment rate of 5.0%. The US average is 6.0%.

Englewood (zip 34224) has seen the job market increase by 1.9% 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 Englewood (zip 34224)
- The Sales Tax Rate for Englewood (zip 34224) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Englewood (zip 34224) 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 Englewood (zip 34224)
- The average income of a Englewood (zip 34224) resident is $23,404 a year. The US average is $28,555 a year.
- The Median household income of a Englewood (zip 34224) resident is $49,637 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyEnglewood, FloridaUnited States
  56
  -4.6%-6.2%
  38.9%33.5%
  7.0%6.2%
  0.0%4.6%
  $32,978$37,638
  $49,637$69,021
  $65,957$85,028
  Population by Occupation
  0.1%1.2%
  0.0%0.5%
  10.6%6.8%
  2.9%10.0%
  0.3%2.5%
  23.0%11.0%
  2.8%4.8%
  0.1%0.8%
  0.6%1.9%
  1.9%4.7%
  2.2%1.9%
  6.3%7.6%
  0.0%0.1%
  8.0%4.2%
  4.6%9.3%
  8.4%14.0%
  4.5%2.1%
  14.5%7.0%
  7.4%4.8%
  1.8%4.7%
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