Broomtown, AL is a small town located in the southeastern United States. It has a population of about 500 people, and is known for its friendly neighbors and low cost of living. The average two-bedroom rental rate in Broomtown is $750 - much lower than the US average of $1,430. The grocery cost index in Broomtown is 94 versus 100 in the US, which makes it an affordable place to live.
The town's economy is mainly driven by local businesses that offer services like auto repair and convenience stores. There are also several family-owned restaurants where residents can enjoy good food while socializing with their neighbors. Additionally, there are banks, medical offices, and other small businesses located throughout the town. All of these establishments provide jobs for local citizens and help boost the town's economic activity.
Broomtown has an unemployment rate of 2.3%. The US average is 6.0%.
Broomtown has seen the job market increase by 1.8% over the last year. Future job growth over the next ten years is predicted to be 31.4%, which is lower than the US average of 33.5%.
Tax Rates for Broomtown
- The Sales Tax Rate for Broomtown is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Broomtown 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 Broomtown
- The average income of a Broomtown resident is $20,383 a year. The US average is $28,555 a year.
- The Median household income of a Broomtown resident is $25,083 a year. The US average is $69,021 a year.