Economy in Rainbow City, Alabama
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Economy
| Unemployment Rate | 9.10% | 9.10% |
| Recent Job Growth | -0.18% | -0.12% |
| Future Job Growth | 30.54% | 31.25% |
| Sales Taxes | 9.00% | 6.80% |
| Income Taxes | 5.00% | 6.25% |
| Income per Cap. | $25,301 | $27,067 |
| Household Income | $44,651 | $52,954 |
| ESTIMATED HOUSEHOLDS BY HOUSEHOLD INCOME | | |
| Income Less Than 15K | 13.01% | 12.10% |
| Income between 15K and 25K | 12.19% | 10.18% |
| Income between 25K and 35K | 12.99% | 10.56% |
| Income between 35K and 50K | 18.19% | 14.98% |
| Income between 50K and 75K | 20.17% | 19.53% |
| Income between 75K and 100K | 10.64% | 12.52% |
| Income between 100K and 150K | 8.66% | 12.14% |
| Income between 150K and 250K | 2.27% | 3.91% |
| Income between 250K and 500K | 1.72% | 3.34% |
| Income greater than 500K | 0.15% | 0.75% |
| POPULATION BY OCCUPATION | | |
| Management, Business, and Financial Operations | 17.89% | 13.81% |
| Professional and Related Occupations | 27.40% | 22.68% |
| Service | 7.71% | 14.51% |
| Sales and Office | 26.97% | 25.22% |
| Farming, Fishing, and Forestry | 0.40% | 0.68% |
| Construction, Extraction, and Maintenance | 8.05% | 9.37% |
| Production, Transportation, and Material Moving | 17.08% | 15.86% |
The unemployment rate in Rainbow City, AL, is 9.10%, with job growth of -0.18%. Future job growth over the next ten years is predicted to be 30.54%.
Rainbow City, AL Taxes
Rainbow City, AL,sales tax rate is 9.00%. Income tax is 5.00%.
Rainbow City, AL Income and Salaries
The income per capita is $25,301, which includes all adults and children. The median household income is $44,651.
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