Malabar, FL is a small town located in Brevard County with a population of 2,329 people. The rent for a two-bedroom apartment in Malabar is $1,670 on average, which is higher than the US average of $1,430. Additionally, the Grocery Cost Index in Malabar is 104 compared to 100 nationwide. There are many local businesses in town such as Bethel Creek Fish House, The Suntree Café & Pizzeria and Tropical Smoothie Café that offer great services to their customers at reasonable prices. Overall, Malabar offers residents an excellent quality of life with access to housing and groceries that are slightly higher than the national average but still comparatively affordable.
Malabar (zip 32950) has an unemployment rate of 4.5%. The US average is 6.0%.
Malabar (zip 32950) 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 42.2%, which is higher than the US average of 33.5%.
Tax Rates for Malabar (zip 32950)
- The Sales Tax Rate for Malabar (zip 32950) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Malabar (zip 32950) 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 Malabar (zip 32950)
- The average income of a Malabar (zip 32950) resident is $35,484 a year. The US average is $28,555 a year.
- The Median household income of a Malabar (zip 32950) resident is $72,969 a year. The US average is $69,021 a year.