Salary & Cost of Living in Ocala, FL
Ocala, FL: $51,459 median salary, cost of living index 94.4, $13.00/hr minimum wage. Calculate your take-home pay with our free paycheck calculator.
Median Salary
$51,459
$25/hr
Cost of Living
94.4
US avg = 100
Minimum Wage
$13.00
per hour
Unemployment
2.4%
rate
Ocala, FL Overview
Population
65,919
Median Salary
$51,459
Average Salary
$57,634
Avg Commute
17 min
Median Home Price
$365,000
Median Rent
$1,493/mo
Job Growth
+2.5%
Sales Tax
6%
Ocala is located in Florida with a population of 65,919. The median household salary is $51,459 per year ($25/hour), which is $7,925 below the national median of $59,384. The average commute time is 17 minutes, and the city has a job growth rate of +2.5%.
Ocala Paycheck Calculator
Enter your annual salary to see your estimated take-home pay in Ocala, FL, after federal, state, and local taxes.
Estimated Annual Take-Home Pay
$43,386
$3,615.48/month · $1,668.68/biweekly · Effective Rate: 15.7%
Gross Pay
$51,459
Federal Tax
-$4,137
State Tax
$0
Local Tax
$0
FICA
-$3,937
Net Pay
$43,386
Pay Breakdown
| Item | Monthly | Annual |
|---|---|---|
| Gross Salary | $4,288.25 | $51,459.00 |
| Federal Income Tax | -$344.72 | -$4,136.58 |
| Florida State Tax (0%) | $0.00 | $0.00 |
| Social Security (6.2%) | -$265.87 | -$3,190.46 |
| Medicare (1.45%) | -$62.18 | -$746.16 |
| Net Take-Home Pay | $3,615.48 | $43,385.81 |
Salary Comparison: Ocala vs Other Cities
See how Ocala's median salary and cost of living compare to the national average and similar cities.
| City | Median Salary | COL Index | Adj. Salary |
|---|---|---|---|
| Ocala, FL | $51,459 | 94.4 | $54,512 |
| National Average | $59,384 | 100 | $59,384 |
| Gurnee, IL | $51,481 | 92.4 | $55,715 |
| Liberty, MO | $51,482 | 89.8 | $57,330 |
| Midland, MI | $51,416 | 90.7 | $56,688 |
| Newnan, GA | $51,504 | 95.2 | $54,101 |
Adjusted salary reflects purchasing power when cost of living is factored in. A higher adjusted salary means your money goes further.
Cost of Living in Ocala
Ocala's cost of living index is 94.4 (national average = 100). Living in Ocala is 5.599999999999994% less expensive than the national average.
Median Home Price
$365,000
Median Monthly Rent
$1,493
Annual Rent Cost
$17,916
Your Salary's Purchasing Power
Your $43,386 annual take-home pay in Ocala has the purchasing power of approximately $45,960 in an average-cost US area. Your $51,459 salary stretches further here than in most US cities.
Top Industries in Ocala
Ocala's economy is driven by these key industries. Workers in top industries often earn significantly above the median salary of $51,459.
Salary Tips for Ocala Workers
- No state income tax advantage. Florida has no state income tax, which means more of your paycheck stays in your pocket. Invest the savings in a Roth IRA or 401(k) for long-term growth.
- Research top industries. Ocala's top industries include Tourism, Agriculture, Aerospace. Targeting roles in these sectors can help you earn above the $51,459 median salary.
- Review your W-4 withholding. If you regularly receive large tax refunds, adjust your W-4 to increase your per-paycheck take-home pay instead of giving the government an interest-free loan.
Explore Salaries Across the US
Compare salary data and cost of living for hundreds of US cities. Find out where your paycheck goes the furthest.
Related Salary Tools
Frequently Asked Questions
What is the median salary in Ocala, FL?
The median salary in Ocala, FL is $51,459 per year, or $25 per hour. The average salary is $57,634. This is $7,925 below the national median of $59,384.
What is the cost of living in Ocala, FL?
Ocala's cost of living index is 94.4 (national average = 100), meaning it is 5.599999999999994% less expensive compared to the national average. The median home price is $365,000 and the median monthly rent is $1,493.
What are the best industries in Ocala?
The top industries in Ocala, FL include Tourism, Agriculture, Aerospace. The city has a job growth rate of 2.5% and an unemployment rate of 2.4%. Workers in these industries often earn above the city's median salary of $51,459.
How does Ocala's salary compare to other cities?
Ocala's median salary of $51,459 is 13.3% below the national median of $59,384. However, when adjusted for cost of living (index: 94.4), the real purchasing power is approximately $54,512.
What is the minimum wage in Ocala, FL?
The minimum wage in Ocala, FL is $13.00 per hour. This equals approximately $27,040 per year for a full-time worker (40 hours/week). This is $5.75 above the federal minimum wage of $7.25/hour.