Falkville, AL is a small town located in the northwestern corner of the state. It offers a rural lifestyle and is home to many local businesses such as Smiths Grocery Store, Falkville Lumber Company, and Gentry's Auto Repair. The cost of living in Falkville is quite affordable compared to the rest of the United States. The average two bedroom rent in Falkville is only $930 per month, while the US average is significantly higher at $1,430 per month. Additionally, grocery cost index in Falkville is 93 versus 100 in the US. Therefore, individuals looking for an affordable place to settle down should consider Falkville as a viable option.
Falkville has an unemployment rate of 2.4%. The US average is 6.0%.
Falkville has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 33.1%, which is lower than the US average of 33.5%.
Tax Rates for Falkville
- The Sales Tax Rate for Falkville is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Falkville 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 Falkville
- The average income of a Falkville resident is $24,758 a year. The US average is $37,638 a year.
- The Median household income of a Falkville resident is $38,281 a year. The US average is $69,021 a year.