Hoover, AL is a great place to call home, offering residents a variety of amenities and activities. Local businesses include Moon Shine at the Pizitz Food Hall and Sherwin-Williams Paint Store in Patton Creek Shopping Center. Restaurants like Suburban Social and Wasabi Jeff's are popular spots for dining out with friends and family. The cost of living in Hoover is very reasonable with a two bedroom rent coming in at $1,400 compared to the US average of $1,430. Grocery costs are also quite low here with an index of 102 versus 100 in the US. All these factors make Hoover an attractive place to live for families and professionals alike.
Hoover has an unemployment rate of 1.9%. The US average is 6.0%.
Hoover has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Hoover
- The Sales Tax Rate for Hoover is 7.3%. The US average is 7.3%.
- The Income Tax Rate for Hoover 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 Hoover
- The average income of a Hoover resident is $38,802 a year. The US average is $28,555 a year.
- The Median household income of a Hoover resident is $95,970 a year. The US average is $69,021 a year.