Spruce Pine, AL is a small town in North Alabama located in Franklin County. It is known for its quaint downtown area, hilly terrain, and numerous outdoor activities. This small city has been home to big companies such as Boeing and Wyle Laboratories. There are also a number of locally owned businesses such as Spruce Pine Hardware and Christian's Grocery Store. In terms of cost of living, 2 bedroom rent is relatively low at $750 compared to the US average of $1,430. Also the Grocery Cost Index in Spruce Pine is 94 versus 100 in the US. The median household income in Spruce Pine, AL is $39,717 while the median house value is $87,000. Furthermore the unemployment rate in Spruce Pine is 4%, which is much lower than the national average at 6%.
Spruce Pine has an unemployment rate of 2.1%. The US average is 6.0%.
Spruce Pine has seen the job market increase by 1.5% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Spruce Pine
- The Sales Tax Rate for Spruce Pine is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Spruce Pine 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 Spruce Pine
- The average income of a Spruce Pine resident is $0 a year. The US average is $28,555 a year.
- The Median household income of a Spruce Pine resident is $46,250 a year. The US average is $69,021 a year.