Ray, AL is a small town located in the southern part of Alabama. It is known for having a tight-knit community that offers its residents a high quality of life. The cost of living in Ray, AL is quite affordable, with two-bedroom rent averaging around $810 per month – significantly lower than the US average of $1,430. Additionally, grocery costs are also lower than the US average, with an index of 93 compared to 100. Ray, AL has several local companies and organizations that serve the community. Notable establishments include Ray's Grill & Restaurant, Ray's Auto Repair & Towing Service, and Ray Community Action Group (RCAG). All these businesses provide much needed services to citizens of the town.
Ray has an unemployment rate of 2.9%. The US average is 6.0%.
Ray has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 28.7%, which is lower than the US average of 33.5%.
Tax Rates for Ray
- The Sales Tax Rate for Ray is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Ray 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 Ray
- The average income of a Ray resident is $18,545 a year. The US average is $28,555 a year.
- The Median household income of a Ray resident is $60,703 a year. The US average is $69,021 a year.