Berry, AL is a small town located in the central region of the state. It is known for its low cost of living, a great benefit for many people looking to move into the area or set up a business. Rent for a two-bedroom apartment is only $1,020 compared to the United States average of $1,430. Groceries are also very affordable with an index of 93 compared to 100 in the US overall. Some local companies that could be researched and analyzed in regards to their cost factors would be Berry Quilt Co., Berry Upholstery & Interiors, and Berry's Country Store. These businesses have been long established in the community and undoubtedly play a role in keeping costs low for residents. By researching these companies, it may be possible to further understand economic trends and cost factors in Berry, AL.
Berry has an unemployment rate of 2.7%. The US average is 6.0%.
Berry 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 Berry
- The Sales Tax Rate for Berry is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Berry 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 Berry
- The average income of a Berry resident is $16,896 a year. The US average is $28,555 a year.
- The Median household income of a Berry resident is $43,300 a year. The US average is $69,021 a year.