Redstone Arsenal, AL is a small town located in the heart of Alabama. It is home to several large corporations including Lockheed Martin, Boeing, and KBR Inc., which employ hundreds of people in the area. The job market in Redstone Arsenal is robust and there are many opportunities for locals to work with these companies or to find other employment within the local area. Grocery costs are comparable with those across the country as evidenced by an index rating of 99 compared to 100 for the US overall. The cost of living is relatively low with two bedroom rentals averaging around $1,500 per month. Overall, Redstone Arsenal presents potential residents with a great opportunity to live in a peaceful community while having access to numerous employment opportunities.
Redstone Arsenal has an unemployment rate of 2.5%. The US average is 6.0%.
Redstone Arsenal has seen the job market increase by 3.6% 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 Redstone Arsenal
- The Sales Tax Rate for Redstone Arsenal is 5.5%. The US average is 7.3%.
- The Income Tax Rate for Redstone Arsenal 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 Redstone Arsenal
- The average income of a Redstone Arsenal resident is $26,102 a year. The US average is $28,555 a year.
- The Median household income of a Redstone Arsenal resident is $105,156 a year. The US average is $69,021 a year.