Collinsville, AL is a small town located in northeast Alabama. It has a friendly atmosphere and is known for its annual festivals and events. It is home to several local businesses such as Collinsville Pharmacy, Collinsville Hardware & Lumber Co., and The Mercantile Company. The cost of living is quite affordable compared to other cities in the US with rent for 2 bedrooms at only $670 and a grocery cost index at 94 versus 100 in the US. This makes it easier for people to settle down here without worrying about breaking their budget.
Collinsville has an unemployment rate of 2.3%. The US average is 6.0%.
Collinsville has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Collinsville
- The Sales Tax Rate for Collinsville is 5.0%. The US average is 7.3%.
- The Income Tax Rate for Collinsville 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 Collinsville
- The average income of a Collinsville resident is $12,501 a year. The US average is $28,555 a year.
- The Median household income of a Collinsville resident is $37,500 a year. The US average is $69,021 a year.