Colbert County in Alabama is an affordable area to live, boasting a 2 Bedroom rent of only $810 compared to the US average of $1,430. It also has a Grocery Cost Index of 93, which is lower than the US average of 100. Many local companies are located in Colbert County, such as Guin Sales and Service, a family-owned business offering agricultural and industrial products; Tyson Foods Inc., one of the largest food production companies in the world; and Renaissance Textiles LLC, which specializes in producing cotton fabrics for special purpose garments. The low cost of living makes Colbert County an ideal place to live or do business.
Colbert County has an unemployment rate of 3.6%. The US average is 6.0%.
Colbert County has seen the job market increase by 1.1% over the last year. Future job growth over the next ten years is predicted to be 26.5%, which is lower than the US average of 33.5%.
Tax Rates for Colbert County
- The Sales Tax Rate for Colbert County is 8.5%. The US average is 7.3%.
- The Income Tax Rate for Colbert County 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 Colbert County
- The average income of a Colbert County resident is $21,763 a year. The US average is $28,555 a year.
- The Median household income of a Colbert County resident is $52,017 a year. The US average is $69,021 a year.