Geneva, AL Economy


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Geneva, AL is a small city in southeastern Alabama. Despite its small size, it offers a variety of amenities to residents such as schools, parks, shopping centers and restaurants. The 2 Bedroom rent in Geneva, AL is considerably lower than the US average at $750 versus $1,430 in the US. Additionally, the cost of living index in Geneva is 94 compared to 100 in the US. This makes Geneva an excellent option for those looking for affordable housing options while still enjoying all the local attractions. Some of the businesses located in Geneva include Jones Chevrolet Buick GMC Truck Inc., K&J Pawns and Guns LLC., and La Hacienda Mexican Restaurant. With its low rent costs and grocery index rating, Geneva is an ideal location for those looking for an affordable place to call home without sacrificing quality of life.

Geneva has an unemployment rate of 2.5%. The US average is 6.0%.

Geneva has seen the job market increase by 1.0% over the last year. Future job growth over the next ten years is predicted to be 30.2%, which is lower than the US average of 33.5%.

Tax Rates for Geneva
- The Sales Tax Rate for Geneva is 9.5%. The US average is 7.3%.
- The Income Tax Rate for Geneva 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 Geneva
- The average income of a Geneva resident is $16,519 a year. The US average is $28,555 a year.
- The Median household income of a Geneva resident is $38,125 a year. The US average is $69,021 a year.

Income by Population Percent

  EconomyGeneva, AlabamaUnited States
  2.56
  -2.0%-6.2%
  30.2%33.5%
  9.5%6.2%
  5.0%4.6%
  $23,103$37,638
  $38,125$69,021
  $41,376$85,028
  Population by Occupation
  3.1%1.2%
  0.0%0.5%
  5.4%6.8%
  25.0%10.0%
  3.9%2.5%
  13.5%11.0%
  9.9%4.8%
  2.0%0.8%
  2.4%1.9%
  9.0%4.7%
  0.0%1.9%
  1.4%7.6%
  0.0%0.1%
  0.0%4.2%
  2.3%9.3%
  6.0%14.0%
  0.0%2.1%
  5.7%7.0%
  4.7%4.8%
  5.6%4.7%
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