Beatrice, AL is a small city located in the state of Alabama. It has an estimated population of just under 3,000 people. The city's economy is centered around local businesses such as Beatrice Hardware Co., Beatrice Automotive Repair, and Beatrice Pizza Shop. Despite its size, Beatrice offers a relatively low cost of living. According to recent data, two-bedroom rental prices in the area are much lower than the national average at $660 compared to $1,430. Additionally, grocery cost index is also significantly lower compared to the US at 91 versus 100. This makes it an attractive place for those looking for affordable living with a great sense of community.
Beatrice has an unemployment rate of 6.0%. The US average is 6.0%.
Beatrice has seen the job market decrease by -0.4% over the last year. Future job growth over the next ten years is predicted to be 22.2%, which is lower than the US average of 33.5%.
Tax Rates for Beatrice
- The Sales Tax Rate for Beatrice is 6.5%. The US average is 7.3%.
- The Income Tax Rate for Beatrice 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 Beatrice
- The average income of a Beatrice resident is $15,084 a year. The US average is $28,555 a year.
- The Median household income of a Beatrice resident is $28,750 a year. The US average is $69,021 a year.