Fort Payne, AL is a city located in the beautiful mountainous region of Northeastern Alabama. It is known for its stunning landscapes and outdoor activities like fishing, boating, kayaking, and hiking. The median 2 Bedroom Rent in Fort Payne is $740 compared to $1,430 which is the national average. Additionally, Grocery Cost Index in Fort Payne is 94 versus 100 in the US, this means groceries are 6% cheaper than the national average in this city. \nFort Payne is home to many businesses that help make it a vibrant economy such as Wacker Chemical Corporation, Goodyear Tire & Rubber Co., and Rob Holland Flight Training. Furthermore, local healthcare providers like DeKalb Regional Medical Center and Cherokee County Health Department provide quality care for the residents of Fort Payne.
Fort Payne has an unemployment rate of 2.3%. The US average is 6.0%.
Fort Payne has seen the job market increase by 3.4% over the last year. Future job growth over the next ten years is predicted to be 36.5%, which is higher than the US average of 33.5%.
Tax Rates for Fort Payne
- The Sales Tax Rate for Fort Payne is 8.3%. The US average is 7.3%.
- The Income Tax Rate for Fort Payne 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 Fort Payne
- The average income of a Fort Payne resident is $18,803 a year. The US average is $28,555 a year.
- The Median household income of a Fort Payne resident is $44,330 a year. The US average is $69,021 a year.