Tarrant, AL is a small city with around 11,000 residents. It is known for its affordable living costs and quality of life. The average 2 bedroom rent in Tarrant is $910 which is significantly lower than the US average of $1,430. Additionally, the Grocery Cost Index in Tarrant is 91 versus 100 in the US, making it an ideal place for those looking for a budget-friendly lifestyle. A variety of businesses are located within the city such as KFC, McDonald's, Walmart Supercenter, and Kum & Go. Industrial companies like Dura Automotive Systems also have locations in the city. With its affordability and popularity among young families and retirees alike, Tarrant continues to be a great place to call home.
Tarrant has an unemployment rate of 3.8%. The US average is 6.0%.
Tarrant has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 30.6%, which is lower than the US average of 33.5%.
Tax Rates for Tarrant
- The Sales Tax Rate for Tarrant is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Tarrant 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 Tarrant
- The average income of a Tarrant resident is $20,826 a year. The US average is $37,638 a year.
- The Median household income of a Tarrant resident is $36,927 a year. The US average is $69,021 a year.