Hollis Crossroads, AL is an inviting small town located in Alabama. The cost of living there is very affordable compared to many other areas in the US. For example, rent for a two bedroom apartment is $750 compared to $1,430 in the US as a whole. Additionally, the Grocery Cost Index for Hollis Crossroads is 94% versus 100% in the US. This makes it much more economical to live in this small town.
Local businesses in Hollis Crossroads offer residents an array of services such as grocery stores, hardware stores, restaurants and more. It is also home to several manufacturing companies and organizations that create jobs and help contribute to the local economy. All these businesses make it possible for residents of Hollis Crossroads to enjoy a comfortable lifestyle at an affordable price.
Hollis Crossroads has an unemployment rate of 2.2%. The US average is 6.0%.
Hollis Crossroads has seen the job market decrease by -2.1% over the last year. Future job growth over the next ten years is predicted to be 28.4%, which is lower than the US average of 33.5%.
Tax Rates for Hollis Crossroads
- The Sales Tax Rate for Hollis Crossroads is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Hollis Crossroads 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 Hollis Crossroads
- The average income of a Hollis Crossroads resident is $21,872 a year. The US average is $37,638 a year.
- The Median household income of a Hollis Crossroads resident is $51,111 a year. The US average is $69,021 a year.