Oviedo, Florida is a beautiful city, located just outside of Orlando. The cost of living in Oviedo is relatively high compared to the national average. The two bedroom rent in Oviedo is $2,360 which is $930 more than the US two bedroom rent of $1,430. Additionally, the grocery cost index in Oviedo is 106 versus 100 in the US. This reflects that necessities are slightly more expensive to purchase and adds to the higher cost of living.
Oviedo offers plenty of local businesses to serve its residents. Some of these companies include some well-known chain stores such as Walmart, Publix grocery stores, and Target; but there are also some local stores such as Horsepower Muscle Cars Inc., Kegs & Barrels Brewing Supply Co., Izzie's Kitchen & Bakery Co., and OVOLU Skincare Company. These small businesses not only provide services to locals but also help to preserve the unique charm and atmosphere that make Oviedo such a special place.
Oviedo (zip 32766) has an unemployment rate of 4.1%. The US average is 6.0%.
Oviedo (zip 32766) has seen the job market increase by 4.0% over the last year. Future job growth over the next ten years is predicted to be 50.5%, which is higher than the US average of 33.5%.
Tax Rates for Oviedo (zip 32766)
- The Sales Tax Rate for Oviedo (zip 32766) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Oviedo (zip 32766) 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 Oviedo (zip 32766)
- The average income of a Oviedo (zip 32766) resident is $30,532 a year. The US average is $28,555 a year.
- The Median household income of a Oviedo (zip 32766) resident is $125,451 a year. The US average is $69,021 a year.