Cottondale, AL is a small town located in southern Alabama with a population of just over 4,000 people. It has a variety of local businesses and attractions that make it an enjoyable place to live. Two bedroom rent is cheaper than the national average at $980 per month versus $1,430 for the US, making it an affordable place to call home. The grocery cost index is also lower than the national average at 95 compared to 100 in the US giving residents more buying power when shopping for groceries. Local companies include the Cottontail Grocery Store, Elite Carpets & Flooring, and AJ’s Bait & Tackle; while some of the local attractions are Walking Horse Country Club & Golf Course, Cottondale City Park, and Hurricane Creek Park.
Cottondale has an unemployment rate of 3.6%. The US average is 6.0%.
Cottondale has seen the job market decrease by -6.5% over the last year. Future job growth over the next ten years is predicted to be 31.8%, which is lower than the US average of 33.5%.
Tax Rates for Cottondale
- The Sales Tax Rate for Cottondale is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Cottondale 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 Cottondale
- The average income of a Cottondale resident is $24,980 a year. The US average is $37,638 a year.
- The Median household income of a Cottondale resident is $49,516 a year. The US average is $69,021 a year.