Five Points, AL is a small town located in the US with an estimated population of around 1,000 people. It is known for its affordability, with a two bedroom rent rate of only $740 compared to the US average at $1,430. Additionally, Five Points boasts a Grocery Cost Index of 94 versus 100 in the US. This makes it a great place for those looking to get more value on their groceries. The town has several local companies such as Bob's Grocery Store and ABC Restaurant that offer a variety of goods and services. It also offers plenty of outdoor activities such as hiking trails and fishing spots, making it an ideal destination for nature lovers. Five Points is an affordable yet exciting destination for those looking to enjoy all the benefits that small towns have to offer.
Five Points has an unemployment rate of 3.8%. The US average is 6.0%.
Five Points has seen the job market increase by 1.2% over the last year. Future job growth over the next ten years is predicted to be 33.6%, which is higher than the US average of 33.5%.
Tax Rates for Five Points
- The Sales Tax Rate for Five Points is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Five Points 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 Five Points
- The average income of a Five Points resident is $28,714 a year. The US average is $28,555 a year.
- The Median household income of a Five Points resident is $56,458 a year. The US average is $69,021 a year.