Fayette, AL County is a great location to live in with many advantages such as affordable rental rates. The average two bedroom rent in Fayette, AL County is $740 which is significantly lower than the US average of $1,430. Additionally, grocery cost index in Fayette AL is 92 compared to the US’s 100. This makes basic amenities more affordable for residents. Local companies in Fayette, AL County include B'ham Fayette Terminal Co., Kyles Hardware & Supply Inc., and Fisher Tire Company Inc.. These businesses provide goods and services to the community and contribute to the local economy.
Fayette County has an unemployment rate of 2.7%. The US average is 6.0%.
Fayette County has seen the job market decrease by -0.5% over the last year. Future job growth over the next ten years is predicted to be 31.1%, which is lower than the US average of 33.5%.
Tax Rates for Fayette County
- The Sales Tax Rate for Fayette County is 6.0%. The US average is 7.3%.
- The Income Tax Rate for Fayette 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 Fayette County
- The average income of a Fayette County resident is $19,040 a year. The US average is $28,555 a year.
- The Median household income of a Fayette County resident is $43,960 a year. The US average is $69,021 a year.