Vance, AL is a small town located in Tuscaloosa County. It is known for its affordable housing, with the average 2 bedroom rent being $1,100 compared to the US average of $1,430. The area is also known for its relatively low cost of living as measured by its grocery cost index of 96 versus 100 in the US. Vance offers a relaxed atmosphere and several local businesses such as Rexel Electrical Supply, Love’s Truck Stop and Flying-J Travel Centers. There are also shops like Mom's Place Boutique and family-owned restaurants like Moore’s BBQ that have become popular destinations among locals and visitors alike.
Vance has an unemployment rate of 3.6%. The US average is 6.0%.
Vance 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 Vance
- The Sales Tax Rate for Vance is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Vance 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 Vance
- The average income of a Vance resident is $26,439 a year. The US average is $28,555 a year.
- The Median household income of a Vance resident is $62,794 a year. The US average is $69,021 a year.