Roanoke, AL is a great place to live for people looking to save money on rent. The average two-bedroom apartment costs just $740, which is half of the national average of $1,430. Additionally, grocery prices in Roanoke are 8% lower than the US average. There are plenty of local amenities available in Roanoke such as Harrison's Grocery Store and other small businesses that make living more affordable. As far as attractions go, Exotic Zoo and Adventure Park welcomes visitors with many different animals and outdoor activities like zip lining and canoeing. Also located in Roanoke is the Bear Creek Indian Reservation which offers an educational tour about Native American history and culture. With its low cost of living and plenty of sights to see, Roanoke is an excellent place for people who want to enjoy a comfortable life without breaking the bank.
Roanoke has an unemployment rate of 2.5%. The US average is 6.0%.
Roanoke has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 30.7%, which is lower than the US average of 33.5%.
Tax Rates for Roanoke
- The Sales Tax Rate for Roanoke is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Roanoke 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 Roanoke
- The average income of a Roanoke resident is $17,962 a year. The US average is $28,555 a year.
- The Median household income of a Roanoke resident is $38,731 a year. The US average is $69,021 a year.