Belk, Alabama is a small town located in Lamar County. It has a population of 35545 people. Renting a two bedroom apartment in Belk can be much more affordable than the national average, at only $720 per month. This is quite a contrast to the US 2 Bedroom rent average of $1,430 per month. Grocery costs are also lower in Belk than the US average; the grocery cost index is 91 versus 100 in the US.
The area around Belk has many local businesses that serve the community, such as Lamar Lumber Company and Lamar Feed & Seed Co., which provide building materials and feed for animals respectively. Other businesses include Smith’s Automotive Repair, which offers automotive repair services, and three local banks: Bank of Vernon, First National Bank Of Sulligent and Citizens Bank of Reform. All these businesses provide great opportunities for locals to shop locally and support their community.
Belk (zip 35545) has an unemployment rate of 2.7%. The US average is 6.0%.
Belk (zip 35545) has seen the job market decrease by -2.2% 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 Belk (zip 35545)
- The Sales Tax Rate for Belk (zip 35545) is 7.0%. The US average is 7.3%.
- The Income Tax Rate for Belk (zip 35545) 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 Belk (zip 35545)
- The average income of a Belk (zip 35545) resident is $17,758 a year. The US average is $37,638 a year.
- The Median household income of a Belk (zip 35545) resident is $41,250 a year. The US average is $69,021 a year.