Fayette, AL is a small city located in the southwestern part of the state with a population of around 4 thousand people. The housing market is affordable with the average 2 Bedroom rent at $850 compared to $1,430 across the US. Grocery costs in Fayette are also much lower than other parts of the country with an index of 93 versus 100 in the US.
Local companies include Fayette Regional Health Center, Hall's Oilfield Services Inc., and Autauga Tools & Equipment Co.. There are plenty of amenities for locals to enjoy such as shopping centers, banks, restaurants, parks, and more. Popular attractions include Moundville Archaeological Park, Eufaula National Wildlife Refuge, and Alabama Scenic River Trail.
Fayette has an unemployment rate of 2.7%. The US average is 6.0%.
Fayette has seen the job market decrease by -2.2% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Fayette
- The Sales Tax Rate for Fayette is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette
- The average income of a Fayette resident is $26,052 a year. The US average is $37,638 a year.
- The Median household income of a Fayette resident is $34,133 a year. The US average is $69,021 a year.