The city of Okeechobee, FL is a popular destination for those who want to experience affordable living in the sunshine state. With a population just over 5,500 people, this small town offers two-bedroom apartments at an average rent of $1,230 per month. This rate is $200 lower than the US average of $1,430 for two-bedroom apartments. Grocery costs are also lower in Okeechobee compared to the rest of the US with an index of 103 versus 100.
Okeechobee also boasts plenty of local companies to shop at and support. These include places like Bern's Lumber & Supply Company which provides building materials and services, as well as Taylor Creek General Store offering general merchandise and fishing gear. There are plenty of other options available for visitors and locals alike including restaurants, entertainment venues and more.
Okeechobee (zip 34974) has an unemployment rate of 4.4%. The US average is 6.0%.
Okeechobee (zip 34974) has seen the job market decrease by -5.2% over the last year. Future job growth over the next ten years is predicted to be 40.4%, which is higher than the US average of 33.5%.
Tax Rates for Okeechobee (zip 34974)
- The Sales Tax Rate for Okeechobee (zip 34974) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Okeechobee (zip 34974) 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 Okeechobee (zip 34974)
- The average income of a Okeechobee (zip 34974) resident is $29,343 a year. The US average is $37,638 a year.
- The Median household income of a Okeechobee (zip 34974) resident is $46,575 a year. The US average is $69,021 a year.