Muscle Shoals, AL is a small town located on the banks of the Tennessee River. It is known for its rich music history and local culture. In terms of cost of living, Muscle Shoals has much lower prices compared to other places in the United States. The average 2 bedroom rent in Muscle Shoals is $950, which is significantly lower than the US average of $1,430. The Grocery Cost Index in Muscle Shoals is 95 out of 100 compared to the US' 100. This shows that people who choose to settle down here will find it more affordable to live here than elsewhere.
In addition to its affordability, Muscle Shoals also offers plenty of opportunities for employment. Some famous companies in the area include Waylon's Bar-B-Que Shack, Neptune's Seafood Restaurant, and Fairfield Inn & Suites by Marriott. With a deep history and many job opportunities, Muscle Shoals can be an ideal place for those looking for a slower pace of life with greater affordability than other areas in the US.
Muscle Shoals has an unemployment rate of 3.6%. The US average is 6.0%.
Muscle Shoals has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Muscle Shoals
- The Sales Tax Rate for Muscle Shoals is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Muscle Shoals 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 Muscle Shoals
- The average income of a Muscle Shoals resident is $30,837 a year. The US average is $37,638 a year.
- The Median household income of a Muscle Shoals resident is $61,772 a year. The US average is $69,021 a year.