Lanett, AL is a small city located in Chambers County with a population of 6,468 people. The cost of living is low compared to the US average, with a 2 bedroom rent costing $830 and grocery costs coming in at 93 compared to the US index of 100. Despite its size, Lanett has plenty to offer when it comes to business and leisure activities. Some of the local companies include WestRock, Lanett Mills LLC and Southern Textiles. There are several recreational activities available for residents and visitors alike such as golf courses, bike trails and parks like Lincoln Park. Lanett boasts an excellent school system with three elementary schools, one middle school and one high school. All in all, Lanett is a great place for families who want an affordable cost of living without sacrificing quality amenities.
Lanett has an unemployment rate of 3.8%. The US average is 6.0%.
Lanett has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Lanett
- The Sales Tax Rate for Lanett is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lanett is 5.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Lanett
- The average income of a Lanett resident is $18,230 a year. The US average is $28,555 a year.
- The Median household income of a Lanett resident is $46,404 a year. The US average is $69,021 a year.