Palmetto Bay, FL (zip code 33157) is a great place to live. The 2 bedroom rent in this area is $1,760 which is significantly higher than the national average of $1,430. In addition to this, the grocery cost index is 108 versus 100 in the US. This means that residents here have access to all sorts of food items at reasonable prices.
In terms of employment opportunities, Palmetto Bay has several big local companies such as Baptist Health South Florida and Propper Manufacturing Inc., providing jobs in healthcare and manufacturing respectively. Moreover, many small businesses thrive in the area offering jobs like sales associates and customer service personnel at places like Publix Super Markets and Best Buy stores. With a median household income of above $99K annually, Palmetto Bay provides plenty of job opportunities for its residents.
Palmetto Bay (zip 33157) has an unemployment rate of 8.2%. The US average is 6.0%.
Palmetto Bay (zip 33157) has seen the job market increase by 0.8% over the last year. Future job growth over the next ten years is predicted to be 38.0%, which is higher than the US average of 33.5%.
Tax Rates for Palmetto Bay (zip 33157)
- The Sales Tax Rate for Palmetto Bay (zip 33157) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Palmetto Bay (zip 33157) 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 Palmetto Bay (zip 33157)
- The average income of a Palmetto Bay (zip 33157) resident is $24,830 a year. The US average is $28,555 a year.
- The Median household income of a Palmetto Bay (zip 33157) resident is $71,824 a year. The US average is $69,021 a year.