Bear Creek, AL is a small town located in the southeastern part of Alabama. It is home to many local companies that contribute to its economy, such as Bear Creek Logging & Lumber, Bear Creek Auto Body, and Bear Creek Grocery Store. The cost of living in Bear Creek is relatively low when compared to other parts of the United States; the average two bedroom rent is around $690 while the US average two bedroom rent is $1,430. Additionally, grocery costs are about 9% lower than they are across America; with an index of 91 versus 100 in the US. With its thriving local businesses and affordable housing and groceries prices, Bear Creek makes for an attractive place to live.
Bear Creek has an unemployment rate of 2.6%. The US average is 6.0%.
Bear Creek 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 32.4%, which is lower than the US average of 33.5%.
Tax Rates for Bear Creek
- The Sales Tax Rate for Bear Creek is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Bear Creek 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 Bear Creek
- The average income of a Bear Creek resident is $18,959 a year. The US average is $28,555 a year.
- The Median household income of a Bear Creek resident is $33,833 a year. The US average is $69,021 a year.