Economy in Florence, Alabama

Economy

Economy	Florence, AL	United States
Unemployment Rate	8.20%	9.10%
Recent Job Growth	2.28%	-0.12%
Future Job Growth	36.36%	31.25%
Sales Taxes	8.50%	6.80%
Income Taxes	5.00%	6.25%
Income per Cap.	$20,821	$27,067
Household Income	$31,564	$52,954
ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME
Income Less Than 15K	26.60%	12.10%
Income between 15K and 25K	15.97%	10.18%
Income between 25K and 35K	11.31%	10.56%
Income between 35K and 50K	14.45%	14.98%
Income between 50K and 75K	15.27%	19.53%
Income between 75K and 100K	7.50%	12.52%
Income between 100K and 150K	5.65%	12.14%
Income between 150K and 250K	1.33%	3.91%
Income between 250K and 500K	1.67%	3.34%
Income greater than 500K	0.23%	0.75%
POPULATION BY OCCUPATION
Management, Business, and Financial Operations	11.05%	13.81%
Professional and Related Occupations	25.05%	22.68%
Service	14.47%	14.51%
Sales and Office	32.05%	25.22%
Farming, Fishing, and Forestry	0.30%	0.68%
Construction, Extraction, and Maintenance	8.73%	9.37%
Production, Transportation, and Material Moving	15.03%	15.86%

The unemployment rate in Florence, AL, is 8.20%, with job growth of 2.28%. Future job growth over the next ten years is predicted to be 36.36%.

Florence, AL,sales tax rate is 8.50%. Income tax is 5.00%.

The income per capita is $20,821, which includes all adults and children. The median household income is $31,564.

Florence Economy SperlingViews