Lawrence County, AL is a great place to live and work. It has a low cost of living compared to the national average and offers plenty of opportunities for residents. With an average rent of $800 for two bedrooms, it's affordable enough that many people can afford to purchase a home in this area. Grocery costs are also lower than average here with an index score of 93 versus 100 in the US. There are several well-known local companies like Lawrence River Valley Industries, Lawrence Textile Company, and Lawrence Shipbuilding that provide plenty of employment opportunities for county residents. Additionally, there are numerous small businesses such as restaurants, retail stores, and services that contribute to the local economy as well. Overall, Lawrence County is a great place to call home due to its affordability and many job possibilities available.
Lawrence County has an unemployment rate of 2.6%. The US average is 6.0%.
Lawrence County has seen the job market increase by 2.3% over the last year. Future job growth over the next ten years is predicted to be 34.2%, which is higher than the US average of 33.5%.
Tax Rates for Lawrence County
- The Sales Tax Rate for Lawrence County is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Lawrence 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 Lawrence County
- The average income of a Lawrence County resident is $21,093 a year. The US average is $28,555 a year.
- The Median household income of a Lawrence County resident is $51,712 a year. The US average is $69,021 a year.