Addison, AL is a small town located in central Alabama. It is home to several local companies and attractions that make it a unique destination for visitors. Companies such as Addison Industries, Waddell & Reed, and U-Haul are just some of the businesses found in this area. Attractions include the historic town square, the Addison Museum and the local creek. Residents of Addison benefit from low living costs with 2 Bedroom Rent coming in at $710 versus $1,430 when compared to US averages. Grocery costs are also lower than the national average with a cost index of 93 versus 100 in the US. The friendly atmosphere, low living costs and local businesses of Addison make it an attractive destination to visit or live in.
Addison has an unemployment rate of 2.6%. The US average is 6.0%.
Addison has seen the job market decrease by -2.5% over the last year. Future job growth over the next ten years is predicted to be 39.5%, which is higher than the US average of 33.5%.
Tax Rates for Addison
- The Sales Tax Rate for Addison is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Addison 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 Addison
- The average income of a Addison resident is $25,129 a year. The US average is $37,638 a year.
- The Median household income of a Addison resident is $44,000 a year. The US average is $69,021 a year.