Woodville, AL is a small city located in the north-east of Alabama. It has a population of around 5,000 people and is known for its low living costs. The average rent for a two bedroom home is $900 compared to the US average which stands at $1,430. Grocery cost index in Woodville, AL is also lower than the national average with 94 as opposed to 100. Therefore, living in Woodville can be economically favorable when compared with other parts of the country.
The local economy is mostly driven by agriculture and forestry with several companies such as AGX LLC and F&W Forestry being among the biggest employers in town. Other major local amenities include Woodlawn Beach which offers scenic views of Lake Martin's shoreline and many recreational activities such as fishing, boating, and camping. Additionally, there are several restaurants serving traditional Southern cuisine as well as shopping centers offering goods and services to residents of Woodville and surrounding areas.
Woodville has an unemployment rate of 2.5%. The US average is 6.0%.
Woodville has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Woodville
- The Sales Tax Rate for Woodville is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Woodville 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 Woodville
- The average income of a Woodville resident is $17,982 a year. The US average is $28,555 a year.
- The Median household income of a Woodville resident is $48,750 a year. The US average is $69,021 a year.