Huntsville, AL is a rapidly growing city with many unique opportunities for its residents. It is home to some of the world's leading technology companies such as Boeing, Google, and Facebook. The cost of living in Huntsville is very competitive compared to other cities and the US as a whole. For instance, the average rent for a two bedroom apartment is $1,110 in Huntsville versus $1,430 nationwide. Likewise, grocery prices in Huntsville are nearly 4% lower than the national average. These low costs make Huntsville an attractive place to live and work with many modern amenities available at an affordable price.
Huntsville has an unemployment rate of 3.1%. The US average is 6.0%.
Huntsville has seen the job market increase by 3.6% over the last year. Future job growth over the next ten years is predicted to be 40.9%, which is higher than the US average of 33.5%.
Tax Rates for Huntsville
- The Sales Tax Rate for Huntsville is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Huntsville 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 Huntsville
- The average income of a Huntsville resident is $31,010 a year. The US average is $28,555 a year.
- The Median household income of a Huntsville resident is $60,959 a year. The US average is $69,021 a year.