Lowndesboro, AL is a small town located in the state of Alabama. It has a population of less than 1,000 and is known for its affordable living costs. The average rent for a 2 bedroom home in Lowndesboro is $830, which is significantly lower than the national average of $1,430. Additionally, the grocery cost index in Lowndesboro is 93 compared to the US average at 100 showing that food prices here are quite reasonable. There are several local companies operating and providing services such as Lowndesboro Animal Clinic, Lowndesboro Veterinary Clinic, and Wilson's Auto Repair. Many locals find these businesses convenient and reliable while still finding affordable prices.
Lowndesboro has an unemployment rate of 10.6%. The US average is 6.0%.
Lowndesboro has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 24.9%, which is lower than the US average of 33.5%.
Tax Rates for Lowndesboro
- The Sales Tax Rate for Lowndesboro is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Lowndesboro 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 Lowndesboro
- The average income of a Lowndesboro resident is $33,882 a year. The US average is $28,555 a year.
- The Median household income of a Lowndesboro resident is $59,375 a year. The US average is $69,021 a year.