Cherokee, AL is located in Colbert County and is known for its cultural legacy and vibrant lifestyle. The average two-bedroom rent in Cherokee is $840, which is significantly lower than the national average of $1,430. Additionally, Grocery Cost Index in Cherokee is 92 versus 100 in the U.S., making it a great place to settle down and raise a family. \nLocal companies in Cherokee include WK Spencer Manufacturing Co., which produces automotive parts; Dowdle Gas Company, which supplies gas and oil to local residences; and Florence-Lauderdale Tourism, which offers both visitors and locals information about natural resources and attractions.
Cherokee has an unemployment rate of 3.6%. The US average is 6.0%.
Cherokee has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Cherokee
- The Sales Tax Rate for Cherokee is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Cherokee 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 Cherokee
- The average income of a Cherokee resident is $17,181 a year. The US average is $28,555 a year.
- The Median household income of a Cherokee resident is $36,406 a year. The US average is $69,021 a year.