Loachapoka, AL is a small town located in Lee County. It has a population of around 300 people and is known for its agricultural heritage. The rent for a 2 bedroom apartment is $1,020 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Loachapoka is similar to the national average at 100. \nThe city of Loachapoka offers local businesses such as C&C Pecan Co., JoJo's Sunflower Market and Millers Country Store. Residents often enjoy outdoor activities such as visiting Loachapoka Park or spending time at Providence Canyon State Park. The city also plays host to an annual Syrup Sopping Festival every November that has been going on for over 25 years. With its rich cultural history and friendly atmosphere, it is easy to see why Loachapoka makes an ideal place to call home.
Loachapoka has an unemployment rate of 2.7%. The US average is 6.0%.
Loachapoka 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 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Loachapoka
- The Sales Tax Rate for Loachapoka is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Loachapoka 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 Loachapoka
- The average income of a Loachapoka resident is $22,055 a year. The US average is $28,555 a year.
- The Median household income of a Loachapoka resident is $39,688 a year. The US average is $69,021 a year.