Montevallo, AL is a small town located in the Shelby County region of Alabama. The cost of living is relatively low compared to other parts of the state and nation with two bedroom rent for $880 and a grocery cost index of 95 compared to 100 nationally. Local businesses in Montevallo include Montevallo Pharmacy, J&J True Value Hardware, and Station Pizza. These businesses provide an essential service to the local community by providing reliable goods and services at a reasonable price.
Montevallo has an unemployment rate of 2.0%. The US average is 6.0%.
Montevallo has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 34.0%, which is higher than the US average of 33.5%.
Tax Rates for Montevallo
- The Sales Tax Rate for Montevallo is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Montevallo 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 Montevallo
- The average income of a Montevallo resident is $22,005 a year. The US average is $37,638 a year.
- The Median household income of a Montevallo resident is $43,504 a year. The US average is $69,021 a year.