Pennington, AL is a small town located in northern Alabama. It has a population of about 1,200 people and is known for its peaceful atmosphere. The rent for a two bedroom apartment is $660 per month, which makes it an affordable option compared to the national average of $1,430. Additionally, groceries are relatively inexpensive with the cost index at 94 compared to the US index of 100.
The town has a few local stores that residents enjoy visiting including Pennington Grocery Store and Pennington Hardware Store. For those who enjoy outdoor activities there are several parks including Big Bear Park and Mudslinger Park as well as fishing at Lick Creek Reservoir. Additionally, popular attractions include the Pennington Museum where visitors can learn about local history or take in an art show.
Pennington has an unemployment rate of 4.0%. The US average is 6.0%.
Pennington 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 Pennington
- The Sales Tax Rate for Pennington is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Pennington 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 Pennington
- The average income of a Pennington resident is $15,040 a year. The US average is $28,555 a year.
- The Median household income of a Pennington resident is $25,732 a year. The US average is $69,021 a year.