Talladega, AL County is home to a variety of businesses and industries. The county is home to Fortune 500 company, Hoar Construction, as well as numerous small businesses. Due to its strong economy and reliable workforce, the area has been able to attract many new companies in recent years. Additionally, the cost of living in Talladega is lower than the national average with an average 2 bedroom rent at $750 compared to $1,430 nationally. Grocery costs are also significantly lower than other areas with a grocery cost index of 93 as opposed to 100 in the US. This low cost of living allows residents to purchase more goods and services thereby increasing economic activity and stimulating local growth.
Talladega County has an unemployment rate of 3.9%. The US average is 6.0%.
Talladega County has seen the job market increase by 2.1% over the last year. Future job growth over the next ten years is predicted to be 27.5%, which is lower than the US average of 33.5%.
Tax Rates for Talladega County
- The Sales Tax Rate for Talladega County is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Talladega 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 Talladega County
- The average income of a Talladega County resident is $19,134 a year. The US average is $28,555 a year.
- The Median household income of a Talladega County resident is $45,400 a year. The US average is $69,021 a year.