Red Bay, AL is a small city located in northwest Alabama. It has a population of 2,890 people according to the 2020 census. Red Bay is known for its affordable living costs including an average two-bedroom apartment rent of $850 compared to the U.S. average of $1,430 as well as a grocery cost index of 92 compared to 100 in the US. The city offers a range of amenities such as shopping centers, parks and restaurants. Notable local businesses include Logan's Department Store and Tolbert's Convenience Store which both offer everyday items at very competitive prices. Residents of Red Bay enjoy peaceful surroundings and friendly neighbors with plenty of opportunities for outdoor activities like fishing and camping nearby. Overall Red Bay is an excellent place to live offering low living costs combined with scenic views and plenty of activities that make it a great place to call home.
Red Bay has an unemployment rate of 2.1%. The US average is 6.0%.
Red Bay has seen the job market decrease by -2.8% over the last year. Future job growth over the next ten years is predicted to be 36.7%, which is higher than the US average of 33.5%.
Tax Rates for Red Bay
- The Sales Tax Rate for Red Bay is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Red Bay 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 Red Bay
- The average income of a Red Bay resident is $20,520 a year. The US average is $37,638 a year.
- The Median household income of a Red Bay resident is $30,000 a year. The US average is $69,021 a year.