The small city of Bessemer, AL is a great place to live with its low cost of living and central location. The average rent for a two-bedroom apartment here is just $910, which is quite affordable compared to the US average of $1,430. Grocery costs index at 90 compared to 100 in the US. The convenient location makes it easy to explore nearby attractions like Tannehill Ironworks Historical State Park and Vulcan Park & Museum. Local businesses include Robinson Manufacturing Company Inc., Hill's IGA Supermarkets, and Bama Products Inc offering plenty of jobs for residents.
Bessemer (zip 35020) has an unemployment rate of 6.4%. The US average is 6.0%.
Bessemer (zip 35020) has seen the job market decrease by -3.7% over the last year. Future job growth over the next ten years is predicted to be 26.9%, which is lower than the US average of 33.5%.
Tax Rates for Bessemer (zip 35020)
- The Sales Tax Rate for Bessemer (zip 35020) is 10.0%. The US average is 7.3%.
- The Income Tax Rate for Bessemer (zip 35020) is 6.0%. The US average is 4.6%.
- Tax Rates can have a big impact when Comparing Cost of Living.
Income and Salaries for Bessemer (zip 35020)
- The average income of a Bessemer (zip 35020) resident is $17,625 a year. The US average is $37,638 a year.
- The Median household income of a Bessemer (zip 35020) resident is $28,812 a year. The US average is $69,021 a year.