Economy in Gordo, Alabama

Gordo, AL is a small town in Pickens County with a population of 2,000 people. It is located near the border of Mississippi and Alabama and is close to larger cities like Tuscaloosa, Birmingham, and Columbus. The cost of living in Gordo is much lower than most other areas, with two bedroom rent at only $800 compared to the US average of $1,430. Additionally, the grocery cost index in Gordo is 96 compared to 100 for the US as a whole.
The town has many local companies including Gordo Gas & Oil Company and Pickens County Health Care Center. There are also various small businesses that offer products and services related to farming and pet care. Furthermore, educational opportunities are available in nearby towns such as Tuscaloosa Community College and University of Alabama-Tuscaloosa. All these factors add up to make Gordo an attractive destination for those looking for an affordable place to live with plenty of opportunities to thrive.

Gordo has an unemployment rate of 3.8%. The US average is 6.0%.

Gordo has seen the job market increase by 1.7% over the last year. Future job growth over the next ten years is predicted to be 23.9%, which is lower than the US average of 33.5%.

Tax Rates for Gordo
- The Sales Tax Rate for Gordo is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Gordo 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 Gordo
- The average income of a Gordo resident is $17,884 a year. The US average is $28,555 a year.
- The Median household income of a Gordo resident is $42,449 a year. The US average is $69,021 a year.