Auburn-Opelika, AL Metro Area is a great place to live due in part its low cost of living. With the 2 bedroom rent being around $990, it is much lower than the national average of $1,430. The grocery cost index is also below the US average at 98 versus 100. Not only does this make living in Auburn-Opelika more affordable than other areas, but it also makes it an attractive option for those looking to purchase real estate and take advantage of potential investments. The area also boasts a thriving business environment with numerous local companies such as Auburn University, Southeastern Textile Industries Inc., Raycom Media Inc., and Bechtel Power Corporation that employ many people in the area. Auburn-Opelika offers plenty of entertainment options along with excellent public schools and recreational activities making it an ideal place for families and young professionals alike to call home.
Auburn-Opelika Metro Area has an unemployment rate of 2.7%. The US average is 6.0%.
Auburn-Opelika Metro Area has seen the job market decrease by -3.6% over the last year. Future job growth over the next ten years is predicted to be 38.5%, which is higher than the US average of 33.5%.
Tax Rates for Auburn-Opelika Metro Area
- The Sales Tax Rate for Auburn-Opelika Metro Area is 8.7%. The US average is 7.3%.
- The Income Tax Rate for Auburn-Opelika Metro Area 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 Auburn-Opelika Metro Area
- The average income of a Auburn-Opelika Metro Area resident is $30,680 a year. The US average is $37,638 a year.
- The Median household income of a Auburn-Opelika Metro Area resident is $57,191 a year. The US average is $69,021 a year.