Bakerhill, AL is a small town located in the state of Alabama. It is known for its affordability, with two bedroom rents being $790 compared to a US average of $1,430. Additionally, groceries in Bakerhill are more affordable than the national average with a cost index of 94 versus 100 in the US. The town has many local businesses that serve its citizens such as, grocery stores, restaurants, cafes and convenience stores. For entertainment there are several parks and recreational centers where people can go for various activities such as swimming and playing sports. The town also has access to essential services such as healthcare facilities, educational institutions and libraries. All these features make Bakerhill an ideal place to live for those looking for an affordable lifestyle combined with great amenities.
Bakerhill has an unemployment rate of 5.6%. The US average is 6.0%.
Bakerhill 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 22.8%, which is lower than the US average of 33.5%.
Tax Rates for Bakerhill
- The Sales Tax Rate for Bakerhill is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Bakerhill 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 Bakerhill
- The average income of a Bakerhill resident is $19,759 a year. The US average is $28,555 a year.
- The Median household income of a Bakerhill resident is $36,250 a year. The US average is $69,021 a year.