Coats Bend, AL is an idyllic small town located in Jackson County. It has a local economy that is largely based on agriculture and it also has a variety of small businesses like cafes, markets, hardware stores, and art galleries. The cost of living in Coats Bend is relatively low compared to other areas in the United States. The average rent for a two bedroom apartment here is only $770 per month whereas it can go up to around $1,430 per month in other parts of the country. Additionally, the Grocery Cost Index in Coats Bend is much lower than that of the US with 93 versus 100 respectively. Therefore, people who are looking for more affordable housing may find Coats Bend and ideal option for their needs.
Coats Bend has an unemployment rate of 4.0%. The US average is 6.0%.
Coats Bend has seen the job market increase by 1.3% over the last year. Future job growth over the next ten years is predicted to be 30.9%, which is lower than the US average of 33.5%.
Tax Rates for Coats Bend
- The Sales Tax Rate for Coats Bend is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Coats Bend 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 Coats Bend
- The average income of a Coats Bend resident is $19,790 a year. The US average is $28,555 a year.
- The Median household income of a Coats Bend resident is $45,056 a year. The US average is $69,021 a year.