The small town of Midway in Florida is located in Walton County and has a population of just over 3,000 people. It’s known for its affordable cost of living, with a two-bedroom rent coming in at $1,460 compared to the US average of $1,430. The Grocery Cost Index is also lower than the US average at 101 versus 100.
Midway is home to many local businesses that range from home services such as landscaping and plumbing to restaurants featuring tasty southern cuisine. One popular eatery is Yoder's Restaurant which serves up delicious breakfast and lunch dishes like pancakes and burgers. There’s also the Walton Feed & Supply Store which offers a wide selection of feed and supplies for animals like horses, cows, chickens, sheep, goats and more.
Overall, Midway has an incredibly strong economy that relies heavily on its many local businesses as well as some larger employers providing jobs for the community such as Gulf Power Company. With its low cost of living and reliable job market, Midway is an ideal spot to call home.
Midway (zip 32563) has an unemployment rate of 4.0%. The US average is 6.0%.
Midway (zip 32563) 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 43.2%, which is higher than the US average of 33.5%.
Tax Rates for Midway (zip 32563)
- The Sales Tax Rate for Midway (zip 32563) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Midway (zip 32563) 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 Midway (zip 32563)
- The average income of a Midway (zip 32563) resident is $32,343 a year. The US average is $28,555 a year.
- The Median household income of a Midway (zip 32563) resident is $87,054 a year. The US average is $69,021 a year.