Located in 32177 Palatka, Florida, the cost of living is significantly lower than its national counterpart. A two bedroom rent in this area costs around $820, while the US average is $1,430. Grocery cost index is also lower here at 96 versus 100 in the US on average. With such a low cost of living and plenty of businesses, 32177 Palatka has become a great choice for those looking for an affordable place to live. Local companies include restaurants like the Firehouse Subs location along US-17 and retail stores such as the Family Dollar location on Reid St. There are also numerous nearby parks for outdoor enthusiasts and several churches for worshippers to enjoy.
Palatka (zip 32177) has an unemployment rate of 6.3%. The US average is 6.0%.
Palatka (zip 32177) has seen the job market decrease by -3.9% over the last year. Future job growth over the next ten years is predicted to be 25.9%, which is lower than the US average of 33.5%.
Tax Rates for Palatka (zip 32177)
- The Sales Tax Rate for Palatka (zip 32177) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palatka (zip 32177) 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 Palatka (zip 32177)
- The average income of a Palatka (zip 32177) resident is $22,085 a year. The US average is $37,638 a year.
- The Median household income of a Palatka (zip 32177) resident is $39,133 a year. The US average is $69,021 a year.