Northport, AL is a quaint city with a friendly atmosphere. It is home to many local businesses who benefit from the lower cost of living in this area. The average rent for a two bedroom apartment in Northport is $990, compared to the US average of $1,430, indicating an overall lower cost of living than other parts of the country. Additionally, the grocery cost index in Northport is 97 compared to 100 in the US, further emphasizing Northport's affordability and economic stability. Local establishments such as Jakes on Main BBQ Restaurant, Northport Pawn & Jewelry, and The West End Salon all take advantage of this by offering their services at competitive prices. This helps attract customers from other areas while still allowing them to remain profitable and successful. Overall it is clear that Northport's low cost of living has been beneficial for both residents and businesses alike.
Northport has an unemployment rate of 3.6%. The US average is 6.0%.
Northport has seen the job market increase by 1.9% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Northport
- The Sales Tax Rate for Northport is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Northport 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 Northport
- The average income of a Northport resident is $24,367 a year. The US average is $28,555 a year.
- The Median household income of a Northport resident is $69,921 a year. The US average is $69,021 a year.