Forestdale, AL is a great and affordable place to live with 2 bedroom rent being much lower than the US average. Living expenses are also lower with a grocery cost index 93 compared to 100 in the US. In Forestdale you can find many local businesses such as Traughber's Pharmacy, First Southern Bank, Allstate Insurance Agency, Mathis Tire & Auto Repair, and The Nail Studio. Each of these companies offer goods and services that benefit the community and create value for local customers.
Forestdale has an unemployment rate of 3.8%. The US average is 6.0%.
Forestdale has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Forestdale
- The Sales Tax Rate for Forestdale is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Forestdale 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 Forestdale
- The average income of a Forestdale resident is $29,801 a year. The US average is $37,638 a year.
- The Median household income of a Forestdale resident is $58,706 a year. The US average is $69,021 a year.