New Market, AL is a great place to live. It has a low 2 bedroom rent of $1,050 which is significantly lower than the US average of $1,430. The cost of living in New Market is also attractive as their Grocery Cost Index is 96 versus 100 in the US. This makes it an excellent option for those looking for a low-cost place to live. In terms of local companies, New Market has plenty to offer including 1st Choice Home Solutions Inc., Best Way Landscaping, Charlie's Quality Heating & Cooling Inc., and more. There are also a number of local stores and restaurants available for residents to enjoy. Altogether, New Market provides an affordable and enjoyable experience for everyone.
New Market has an unemployment rate of 2.5%. The US average is 6.0%.
New Market has seen the job market decrease by -0.9% over the last year. Future job growth over the next ten years is predicted to be 40.8%, which is higher than the US average of 33.5%.
Tax Rates for New Market
- The Sales Tax Rate for New Market is 5.5%. The US average is 7.3%.
- The Income Tax Rate for New Market 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 New Market
- The average income of a New Market resident is $37,935 a year. The US average is $37,638 a year.
- The Median household income of a New Market resident is $45,365 a year. The US average is $69,021 a year.