Boaz, AL is a city located in Marshall county and has been known for its history of hosting major industrial enterprises. The city still remains an important hub for manufacturing companies such as Gulf States Manufacturing, Siskin Steel & Supply Co., and Boaz Enterprises Inc. Rent prices for a two bedroom apartment in Boaz are significantly lower than the US average at $820 compared to $1,430 respectively. The Grocery Cost Index is also lower than the US average at 93 versus 100. This makes living in Boaz more cost-effective when it comes to housing costs.
Boaz has an unemployment rate of 2.2%. The US average is 6.0%.
Boaz has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 41.2%, which is higher than the US average of 33.5%.
Tax Rates for Boaz
- The Sales Tax Rate for Boaz is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Boaz 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 Boaz
- The average income of a Boaz resident is $18,854 a year. The US average is $28,555 a year.
- The Median household income of a Boaz resident is $40,732 a year. The US average is $69,021 a year.