Alabama, NY is a small but vibrant town located in the central part of New York. It is home to many unique and interesting businesses such as Lea's Antiques and Collectibles, a family-owned antique and collectibles store; Alabama Floral Company, an award-winning full-service florist; and Alabama Coffee Roasters, a craft coffee roaster. The cost of living in Alabama is quite reasonable with 2 bedroom rent averaging just $990 while the US average is $1,430. Additionally, the grocery cost index in Alabama is slightly lower than the US average at 98 versus 100. There are also many amenities available such as a quaint downtown area with several shops and restaurants, outdoor recreation areas like playgrounds or parks, local libraries and museums for educational activities, as well as numerous schools for children from pre-K to high school.
Alabama has an unemployment rate of 6.1%. The US average is 6.0%.
Alabama has seen the job market increase by 0.9% over the last year. Future job growth over the next ten years is predicted to be 21.6%, which is lower than the US average of 33.5%.
Tax Rates for Alabama
- The Sales Tax Rate for Alabama is 8.0%. The US average is 7.3%.
- The Income Tax Rate for Alabama is 6.5%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Alabama
- The average income of a Alabama resident is $24,333 a year. The US average is $28,555 a year.
- The Median household income of a Alabama resident is $70,313 a year. The US average is $69,021 a year.