Flomaton, AL is a great place to live with a low cost of living. The average two bedroom rent in Flomaton is $730, which is much lower than the national average of $1,430. Groceries are also cheaper in Flomaton with a grocery cost index of 95 compared to the national average of 100. There are many local businesses that make up the economy, like Old South Peanut Company, Southern Products LLC, and Shirey Strainer Inc., just to name a few. All this makes Flomaton an attractive place to live for those looking for an affordable lifestyle without sacrificing the quality of life or access to amenities.
Flomaton has an unemployment rate of 3.9%. The US average is 6.0%.
Flomaton has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 28.9%, which is lower than the US average of 33.5%.
Tax Rates for Flomaton
- The Sales Tax Rate for Flomaton is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Flomaton 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 Flomaton
- The average income of a Flomaton resident is $19,538 a year. The US average is $37,638 a year.
- The Median household income of a Flomaton resident is $31,522 a year. The US average is $69,021 a year.