Newbern, AL is a small town located in south Alabama. It is known for its family friendly atmosphere and affordability. The average rent for a two bedroom apartment is $1,260, which is much cheaper than the US average of $1,430. Living in Newbern also has other financial benefits; the Grocery Cost Index is 91 versus 100 in the US. This means that groceries are more affordable compared to other areas.
The economy in Newbern consists of a range of local businesses such as Sam’s Country Store, Newman Hardware Company, and Ruddock’s Automotive Repair Shop. These companies provide employment opportunities to locals and support the town’s economy.
Overall, living in Newbern offers an attractive cost of living. With lower rents and prices for everyday items such as groceries, it can make life more affordable for residents.
Newbern has an unemployment rate of 6.1%. The US average is 6.0%.
Newbern has seen the job market increase by 1.4% over the last year. Future job growth over the next ten years is predicted to be 28.0%, which is lower than the US average of 33.5%.
Tax Rates for Newbern
- The Sales Tax Rate for Newbern is 7.5%. The US average is 7.3%.
- The Income Tax Rate for Newbern 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 Newbern
- The average income of a Newbern resident is $18,649 a year. The US average is $28,555 a year.
- The Median household income of a Newbern resident is $30,833 a year. The US average is $69,021 a year.