Palmetto, GA is a small suburb located less than 20 minutes from Atlanta. It prides itself on being a place where its residents can easily access the amenities of a major city while also enjoying the safety and familiarity of a small town. The cost of living in Palmetto is relatively low compared to other areas of Georgia, with 2 bedroom rent averaging at $1,270 versus $1,430 in the US. The grocery cost index in Palmetto is 95 versus 100 in the US which makes it an even more attractive option for those looking to save money or create wealth.
Palmetto is home to many local companies such as Palmettos Finest Auto Body & Paint Shop, Dough Boyz Bakery & Cafe and Weathersbee's Automotive Services. These businesses provide employment opportunities for locals and great services for those who call Palmetto home.
Overall, Palmetto is an ideal location for those looking for suburban life close to the amenities that come along with living in an urban environment like Atlanta. It offers affordable housing options and lower costs for groceries which make this area perfect for individuals who are trying to stick to a budget or save money.
Palmetto has an unemployment rate of 4.9%. The US average is 6.0%.
Palmetto has seen the job market increase by 2.9% over the last year. Future job growth over the next ten years is predicted to be 45.9%, which is higher than the US average of 33.5%.
Tax Rates for Palmetto
- The Sales Tax Rate for Palmetto is 7.8%. The US average is 7.3%.
- The Income Tax Rate for Palmetto 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 Palmetto
- The average income of a Palmetto resident is $16,725 a year. The US average is $28,555 a year.
- The Median household income of a Palmetto resident is $48,266 a year. The US average is $69,021 a year.