Pelham, AL is a great place to live with plenty of opportunities for employment and entertainment. Major companies like Amazon, Walmart, and Home Depot have local distribution centers in Pelham. Rent prices for a two bedroom are slightly lower than the national average at $1,360 compared to $1,430. The grocery cost index in Pelham is also lower than the national average at 98 versus 100. This means that locals can enjoy many of life’s necessities at costs below the national average. The overall cost of living in Pelham is more affordable than many other places in Alabama making it an attractive place to settle down or simply visit for a few days.
Pelham has an unemployment rate of 2.0%. The US average is 6.0%.
Pelham 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 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Pelham
- The Sales Tax Rate for Pelham is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Pelham 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 Pelham
- The average income of a Pelham resident is $32,551 a year. The US average is $28,555 a year.
- The Median household income of a Pelham resident is $81,606 a year. The US average is $69,021 a year.