Decatur, AL is a vibrant city with an affordable cost of living. The average 2 Bedroom rent in Decatur is $820, which is significantly lower than the US average of $1430. Additionally, the Grocery Cost Index in Decatur is 94 compared to 100 nationally. This makes Decatur an attractive place to live for individuals and families looking to save on living expenses. Notable companies in Decatur include Alabama Power Company, 3M and Kraft Foods Group. These companies are major employers in the area and provide many jobs for local residents.
Decatur has an unemployment rate of 3.0%. The US average is 6.0%.
Decatur has seen the job market increase by 2.4% over the last year. Future job growth over the next ten years is predicted to be 32.5%, which is lower than the US average of 33.5%.
Tax Rates for Decatur
- The Sales Tax Rate for Decatur is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Decatur 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 Decatur
- The average income of a Decatur resident is $24,756 a year. The US average is $28,555 a year.
- The Median household income of a Decatur resident is $52,539 a year. The US average is $69,021 a year.