Tuscaloosa, AL Metro Area is an excellent place to live, work, and play. The 2 bedroom rent in the area is much more affordable than the US average ($990 vs. $1430). Additionally, the grocery cost index in Tuscaloosa stands at 95 versus 100 in the US, which can help save some money. Some of the major companies located in Tuscaloosa are Mercedes-Benz U.S International, Boeing, Uniroyal Global Engineered Products Inc., and Wynn Trading Co. These local businesses provide employment opportunities to residents of Tuscaloosa and serves as a gateway to economic stability for many families.
Tuscaloosa Metro Area has an unemployment rate of 3.7%. The US average is 6.0%.
Tuscaloosa Metro Area has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Tuscaloosa Metro Area
- The Sales Tax Rate for Tuscaloosa Metro Area is 8.8%. The US average is 7.3%.
- The Income Tax Rate for Tuscaloosa Metro Area 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 Tuscaloosa Metro Area
- The average income of a Tuscaloosa Metro Area resident is $22,349 a year. The US average is $28,555 a year.
- The Median household income of a Tuscaloosa Metro Area resident is $54,449 a year. The US average is $69,021 a year.