Glenwood, AL is a small town located in the southeastern region of the US. It has a population of around 2000 people and is known for its low cost of living. The median rent for a two bedroom apartment is only $770 per month, which is significantly lower than the national average of $1,430. The grocery cost index in Glenwood is also very low, at 90 compared to 100 nationally. This makes it an ideal location for families on a budget.
The town has several local companies such as Sprouts Grocery Store, Community Bank, and Alabama Power Company that contribute to its economic growth. Additionally, there are several restaurants and cafes where locals can enjoy delicious food at affordable prices. Overall, Glenwood offers residents a high quality of life at an incredibly low cost of living when compared to other towns nearby.
Glenwood has an unemployment rate of 3.0%. The US average is 6.0%.
Glenwood has seen the job market decrease by -0.6% over the last year. Future job growth over the next ten years is predicted to be 27.8%, which is lower than the US average of 33.5%.
Tax Rates for Glenwood
- The Sales Tax Rate for Glenwood is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Glenwood 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 Glenwood
- The average income of a Glenwood resident is $23,846 a year. The US average is $28,555 a year.
- The Median household income of a Glenwood resident is $31,875 a year. The US average is $69,021 a year.