Belk, AL is a relatively small city located in the southeastern part of the United States. This charming town is home to a variety of local businesses such as Belk Pharmacy which offers great customer service and prices, J&J's Deli which serves up delicious breakfast sandwiches and fried chicken, and The Bank of Belk which provides secure banking services. The cost of living in Belk is quite affordable compared to other areas; rent for a two bedroom apartment averages around $800 while the US average is $1,430. Additionally, grocery costs are slightly below average with an index rating at 92 versus 100 for the US. Overall, Belk is an affordable place to live with plenty of amenities available to its residents.
Belk has an unemployment rate of 2.7%. The US average is 6.0%.
Belk has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Belk
- The Sales Tax Rate for Belk is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Belk 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 Belk
- The average income of a Belk resident is $13,202 a year. The US average is $28,555 a year.
- The Median household income of a Belk resident is $39,167 a year. The US average is $69,021 a year.