Concord, AL is a small town located in Elmore County with a population of just over 1,000 people. There are many amenities within this close-knit community such as top-notch restaurants and stores. The average two bedroom apartment rental cost for Concord is $1,010 which is lower than the US average of $1,430. This makes it an attractive option to those looking for a reasonable place to live. In addition, the Grocery Cost Index in Concord stands at 93 compared to 100 of the US average; making it an ideal location to save money on food as well. When looking for assistance during emergencies, local companies like Applied Industrial Technologies Inc., Aviall Services Inc., and Air Transport International Inc. are available to help with any needs that may arise.
Concord has an unemployment rate of 3.8%. The US average is 6.0%.
Concord 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 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Concord
- The Sales Tax Rate for Concord is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Concord 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 Concord
- The average income of a Concord resident is $24,721 a year. The US average is $28,555 a year.
- The Median household income of a Concord resident is $70,114 a year. The US average is $69,021 a year.