Lincoln, AL is a great city to live in with many employment opportunities. It is home to several large companies such as Honda Manufacturing of Alabama, Aviation Design, and Cintas Corporation. The cost of living in Lincoln is quite low compared to the national average; for example, rent for a two-bedroom apartment averages around $900 compared to the US average of $1,430. Additionally, the Grocery Cost Index in Lincoln is 93 versus 100 in the US. Those looking for an affordable place to live with plenty of job opportunities should consider Lincoln as their next destination!
Lincoln has an unemployment rate of 3.9%. The US average is 6.0%.
Lincoln has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Lincoln
- The Sales Tax Rate for Lincoln is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Lincoln 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 Lincoln
- The average income of a Lincoln resident is $25,511 a year. The US average is $28,555 a year.
- The Median household income of a Lincoln resident is $63,464 a year. The US average is $69,021 a year.