Thorsby, AL is a small town in Chilton county located about thirty minutes southwest of Montgomery. It is home to several businesses including Thorsby Oil Company, Kubota Tractor Corporation, and Thorsby Furniture Manufacturing. The cost of living is relatively low compared to the national average. Rent for 2 bedroom apartments is $790 per month which is about 44% lower than the U.S. average of $1,430 a month. Grocery costs have also been found to be 6% lower than the national rate. These factors combine to make Thorsby an attractive place to live and work for those seeking an affordable lifestyle close to state capital Montgomery.
Thorsby has an unemployment rate of 2.7%. The US average is 6.0%.
Thorsby has seen the job market decrease by -3.5% over the last year. Future job growth over the next ten years is predicted to be 31.6%, which is lower than the US average of 33.5%.
Tax Rates for Thorsby
- The Sales Tax Rate for Thorsby is 9.0%. The US average is 7.3%.
- The Income Tax Rate for Thorsby 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 Thorsby
- The average income of a Thorsby resident is $22,827 a year. The US average is $37,638 a year.
- The Median household income of a Thorsby resident is $58,194 a year. The US average is $69,021 a year.