Clanton, AL is a small city located in Chilton County in the state of Alabama. It is home to approximately 8,619 people and is known for its affordability and local businesses. The average 2 bedroom rent price in Clanton is $730 compared to the US average of $1,430; making it a more affordable option for those looking for a place to live. Additionally, the Grocery Cost Index in Clanton, AL is 93 versus 100 in the US. This makes food much more cost effective than other places in the country. There are many popular local companies that make up the foundation of Clanton’s economy such as Clanton Industrial Supply and Equipment Inc., Central State Bank & Trust Co., Tillery Chevrolet Buick GMC, Newman Signs & Specialties, and Southern Air Heating & Cooling LLC.
Clanton has an unemployment rate of 2.7%. The US average is 6.0%.
Clanton 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 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Clanton
- The Sales Tax Rate for Clanton is 7.9%. The US average is 7.3%.
- The Income Tax Rate for Clanton 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 Clanton
- The average income of a Clanton resident is $23,759 a year. The US average is $28,555 a year.
- The Median household income of a Clanton resident is $48,051 a year. The US average is $69,021 a year.