Colbert, GA is a small town located in Madison County with an estimated population of just over 1,000 people. It is a great place to call home and has much to offer its residents. The two bedroom rent in Colbert is significantly lower than the national average, coming in at $840 compared to $1,430 the US average. Additionally, the Grocery Cost Index in Colbert is 98 versus 100 for the US as a whole indicating that groceries also tend to be cheaper in Colbert.
The local economy of Colbert provides jobs for many of its citizens through several local businesses such as Madison IGA grocery store, Colbert Café & Grill restaurant, and Stafford's Tire & Repair auto shop that serve their community’s needs. These establishments provide quality services at affordable prices making Colbert an attractive option for those looking for a comfortable lifestyle at an affordable price.
Colbert has an unemployment rate of 3.1%. The US average is 6.0%.
Colbert has seen the job market increase by 3.9% over the last year. Future job growth over the next ten years is predicted to be 51.8%, which is higher than the US average of 33.5%.
Tax Rates for Colbert
- The Sales Tax Rate for Colbert is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Colbert is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Colbert
- The average income of a Colbert resident is $18,487 a year. The US average is $28,555 a year.
- The Median household income of a Colbert resident is $52,750 a year. The US average is $69,021 a year.