Grant, AL Economy


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Grant, AL is a small town with a lot to offer. Located in Marshall County, Grant is home to several local businesses such as Mary's Hardware Store, JB Country Market, and Budget Home Improvement. The affordable housing in Grant sets it apart from other cities; two bedroom rent is $720 compared to the US average of $1,430. Additionally, grocery costs are 4 points below the US index at 94 versus 100. Living in Grant offers an opportunity to find affordable housing while still enjoying all amenities of city life.

Grant has an unemployment rate of 2.2%. The US average is 6.0%.

Grant has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 41.2%, which is higher than the US average of 33.5%.

Tax Rates for Grant
- The Sales Tax Rate for Grant is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Grant 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 Grant
- The average income of a Grant resident is $24,769 a year. The US average is $28,555 a year.
- The Median household income of a Grant resident is $66,923 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGrant, AlabamaUnited States
  2.26
  -1.2%-6.2%
  41.2%33.5%
  5.0%6.2%
  5.0%4.6%
  $25,855$37,638
  $66,923$69,021
  $81,161$85,028
  Population by Occupation
  0.0%1.2%
  0.0%0.5%
  3.3%6.8%
  19.2%10.0%
  14.0%2.5%
  5.3%11.0%
  0.9%4.8%
  0.0%0.8%
  2.2%1.9%
  0.8%4.7%
  1.7%1.9%
  4.1%7.6%
  0.0%0.1%
  5.3%4.2%
  3.5%9.3%
  9.3%14.0%
  0.5%2.1%
  10.2%7.0%
  12.3%4.8%
  7.4%4.7%
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