Needham, AL is a small town located in the southeast corner of the state. It has a population of just over 3,400 people and is home to many local businesses, schools, and churches. The cost of living in Needham is much lower than the US average due to its low 2 bedroom rent at $680 and grocery cost index at 92 compared to 100. Some notable companies located in Needham are Needham Manufacturing Company Inc., Needham Floor Covering & Interiors LLC, and Needham You-Haul. Schools in the area include Needham High School and Grandview Middle School. Additionally there are several churches such as First Presbyterian Church, St James Lutheran Church, and Flatwoods Baptist Church.
Needham has an unemployment rate of 4.0%. The US average is 6.0%.
Needham has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 33.2%, which is lower than the US average of 33.5%.
Tax Rates for Needham
- The Sales Tax Rate for Needham is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Needham 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 Needham
- The average income of a Needham resident is $32,019 a year. The US average is $28,555 a year.
- The Median household income of a Needham resident is $56,250 a year. The US average is $69,021 a year.