Alamo, TN is a small town located in the western part of the state just north of Jackson. The cost of living in Alamo is relatively low compared to the US average. For example, a two bedroom rental in Alamo costs $760 while it costs $1,430 at the US level. Additionally, The Grocery Cost Index in Alamo is 91% versus 100% in the US.
Alamo has a few local companies such as Gibson's All-American Auto Parts and Michaels Express Discount Pharmacy that provide goods and services to its residents at competitive prices. In addition to these businesses, many other small businesses are located in Alamo such as restaurants, salons, and boutiques. With its close proximity to major cities like Memphis and Nashville, many people are attracted to Alamo due to its low cost of living and relaxed atmosphere.
Alamo has an unemployment rate of 5.0%. The US average is 6.0%.
Alamo has seen the job market increase by 1.6% over the last year. Future job growth over the next ten years is predicted to be 37.0%, which is higher than the US average of 33.5%.
Tax Rates for Alamo
- The Sales Tax Rate for Alamo is 9.8%. The US average is 7.3%.
- The Income Tax Rate for Alamo is 0.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Alamo
- The average income of a Alamo resident is $17,187 a year. The US average is $28,555 a year.
- The Median household income of a Alamo resident is $40,000 a year. The US average is $69,021 a year.