Chelsea, AL is a vibrant city with a range of local businesses. The two bedroom rent in Chelsea is $1,560 which is slightly higher than the US average of $1,430. Grocery costs are also slightly higher at 100 Index compared to the US National Average of 100. This indicates that Chelsea could be an expensive place to live when looking at rent and groceries compared to the rest of the United States. Local businesses in Chelsea include street food vendors, restaurants, clothing boutiques, and artisan shops. In general it appears that Chelsea is more expensive than the US average for rent and groceries but has a rich culture with plenty of local businesses offering goods and services to its residents.
Chelsea has an unemployment rate of 2.0%. The US average is 6.0%.
Chelsea has seen the job market increase by 2.0% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Chelsea
- The Sales Tax Rate for Chelsea is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Chelsea 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 Chelsea
- The average income of a Chelsea resident is $32,167 a year. The US average is $28,555 a year.
- The Median household income of a Chelsea resident is $93,658 a year. The US average is $69,021 a year.