Hobson City, AL is a small city located in Alabama with a population of about 2,000 people. It's a great place to live with plenty of local companies for residents to work at including Hobson Bakery, Hobson Textile Mill, and Hobson Hardware Store. Rent in Hobson City is much cheaper than in other areas of the country with a two bedroom apartment costing around $770 per month compared to the US average which is $1,430. Groceries are also more affordable in Hobson City as the grocery cost index is 92 versus 100 in the US overall.
Hobson City has an unemployment rate of 3.9%. The US average is 6.0%.
Hobson City 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 29.3%, which is lower than the US average of 33.5%.
Tax Rates for Hobson City
- The Sales Tax Rate for Hobson City is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Hobson City 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 Hobson City
- The average income of a Hobson City resident is $13,528 a year. The US average is $28,555 a year.
- The Median household income of a Hobson City resident is $36,250 a year. The US average is $69,021 a year.