Mobile, AL is a great place to live. This city has plenty to offer its residents from beautiful beaches to fantastic job opportunities. The cost of living in Mobile is also surprisingly affordable. The average rent for a two bedroom home in Mobile is only $1,010 compared to the US average of $1,430. Additionally, the grocery cost index in Mobile is 94 compared to the US index of 100. With this lower cost of living, many locals enjoy more disposable income which they can put towards entertainment or investing. There are plenty of businesses located in Mobile as well such as Austal USA and Alabama State Port Authority that provide employment options for residents. All these factors make Mobile an attractive and affordable place to live.
Mobile has an unemployment rate of 6.2%. The US average is 6.0%.
Mobile 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 27.2%, which is lower than the US average of 33.5%.
Tax Rates for Mobile
- The Sales Tax Rate for Mobile is 9.6%. The US average is 7.3%.
- The Income Tax Rate for Mobile 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 Mobile
- The average income of a Mobile resident is $23,509 a year. The US average is $28,555 a year.
- The Median household income of a Mobile resident is $44,780 a year. The US average is $69,021 a year.